ASSIGNMENT NO.2 FOR MODULE 1 Life of Rizal - Reyden Tugade

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PHILIPPINE COLLEGE OF SCIENCE AND

TECHNOLOGY
Old Nalsian Road, Nalsian, Calasiao, Pangasinan,
Philippines 2418 Tel. No. (075)522-8032/Fax No. (075)523-
0894/Website: www.philcst.edu.ph
ISO 9001:2015 CERTIFIED, Member: Philippine Association of Colleges and
Universities (PACU), Philippine Association of Maritime
Institutions (PAMI

ASSIGNMENT NO.2 FOR MODULE 2


Life and Works of Jose Rizal
Reyden Tugade
BSMARE 3 BLK 2
QUESTION:
What were the most important economic changes in the Philippines in 19th
century? (30 POINTS)

Towards the end of the 18th century, political and economic changes in
Europe finally began to affect Spain and, consequently, the Philippines.
An important stimulus to trade was the gradual elimination of the
monopoly enjoyed by the galleon in Acapulco. The last galleon arrived
in Manila in 1815, and by the mid-1830s Manila was open to foreign
merchants with almost no restrictions. The demand for Philippine sugar
and abaca (hemp) grew rapidly and the volume of exports to Europe
increased further after the completion of the Suez Canal in 1869.
The growth of commercial agriculture led to the emergence of a new
class. The rice paddies of pre-Spanish nobility gave rise to coffee, hemp
and sugar haciendas, often owned by enterprising Filipino Chinese
mestizos. Some of the families that rose to prominence in the 19th
century went on to play important roles in the economy and politics of
the Philippines.

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