The spanish Period
Spanish colonial motives were not, however, strictly commercial. The Spanish at first viewed the Philippines as a stepping-stone to the riches of the East Indies (Spice Islands), but, even after the Portuguese and Dutch had foreclosed that possibility, the Spanish still maintained their presence in the archipelago.
The Portuguese navigator and explorer Ferdinand Magellan headed the first Spanish foray to the Philippines when he made landfall on Cebu in March 1521; a short time later he met an untimely death on the nearby island of Mactan. After King Philip II (for whom the islands are named) had dispatched three further expeditions that ended in disaster, he sent out Miguel López de Legazpi, who established the first permanent Spanish settlement, in Cebu, in 1565. The Spanish city of Manila was founded in 1571, and by the end of the 16th century most of the coastal and lowland areas from Luzon to northern Mindanao were under Spanish control. Friars marched with soldiers and soon accomplished the nominal conversion to Roman Catholicism of all the local people under Spanish administration. But the Muslims of Mindanao and Sulu, whom the Spanish called Moros, were never completely subdued by Spain.
What are the advantages and disadvantages of the Spanish colonization to the Philippines economy, and how did it affect it?
The financial industry should prepare for a “carbon correction”.
They discovered the route to Mexico
Prior to the Spanish, the Philippines did not trade with the Americas
Adam Smith mentioned that the Galleon trade in Manila was significant as it generated a lot of silver.
They monopolized Philippine trade to themselves
Prior to the Spanish, local rulers were already trading with other Asian countries, notably China, Cambodia, and Thailand. The Spanish took all these away from the locals to fund their own empire. For example, Philippine revenue probably was used to fund the Spanish Armada which was lost and never contributed to Philippine development.
They lost Brunei and Sabah
Without the Spanish, the Philippines would have been larger, to include North Borneo, along with the oil of Brunei. Unfortunately, they lost Borneo and Sabah, which then split the Sulu people into two.
This created a permanent anomaly in the Southern Philippines which manifests as the Moro Rebellion, Bud Dajo massacre, and the Sabah claim. These disturbances constantly drain the current Philippine economy in terms of conflict, damages, bad press, and fear of investment.
The British were willing to lease Sabah back to Jose Rizal for 999 years but the Spanish refused
The existence of an indigenous plan to colonize Sabah is proof that the natives had a natural pioneering and pro-development mentality which was merely killed by the Spanish.
A Rizaline city on Sabah would’ve spurred development of Borneo to avoid lagging behind Western Malaysia
You can see Duterte trying to rebuild the natural economy between Mindanao and Brunei which the Spanish disrupted.
Some of the positive effects were: universities were opened early. In 1820 only the Philippines have improved in civilization, wealth, and Populousness. The establish of schools, many schools were built. They taught them how to read, write, and speak in English.
The trade winds. As the Philippines catch’s both the easterly & the westerlies. Why Panama was so important as a shipping city. A centeral Government was built. Not each island to there own. Disavantage. You had to work for the Spanish & Dutch. & they introduced money.
sana maka tulong :)