How Did Spain Make Money?. Manila Galleon Trade 1565 - 1815

How Did Spain Make Money?

Manila Galleon Trade

1565 - 1815

How Did Spain Make Money?

• Taxation (taxes was for the colonial government)

• Only 5% of taxes was used for education, or social improvement

250 Years of Economic Stagnation

Changes Come in the 1800s

• Plug in to the Global Economy

British-Chinese Colony flying a Spanish Flag

Economic Changes = Social Changes

• Land becomes more valuable because of the new economy

Friar Estates

• Religious Orders are long standing

• Donations• Creditors

Marriage Made in Heaven

• Principio Families (opportunity but lacking know how)

• Chinese (Have the know how but no opportunity)

• Mestizos (owned land, managed Friar estates)

“The Manchus were more successful as inheritors than as innovators; it was not in them to remake the Chinese scheme of things.”

Qing Dynasty

1644-1912

The Chinese men are required to wear the queue.The Chinese men are required to wear the queue.

The Strength of Qing was in the reign of three emperors that spanned almost 150 years (from 1662-1796).

Qing Dynasty

1644-1912

Qianlong Era (1736 – 1799)

1700 – 138 Million1800 – 300 Million

YEAR POPULATION LAND

• 1741 143 million 91 Acres 2/3

• 1850 430 million 122 Acres 1/4

200% change 35% change

• 60% of the land is owned by a relatively few rich landlords

• 10% of the land belongs to the government

• 30% or the land for more than 400 million people

• Hong Xiuquan (1814-1864)

• January 1850 Taiping “Great Peace”

•Ten Commandments

•No private property

•Women equal to men

•Social System

The Guinness Book of World Records calls this the "bloodiest civil war" with some 20 million estimated dead.

•Chinese Run Mines

•1900 - 90%

•1920 – 64%

•1930 – 39%

•19th Century - 5 million Chinese immigrate to Malaya

•1900-1942 - 12 million Chinese immigrate to Malaya

1603 Chinese Massacre (Manila) 20,000 killed

Manila Galleon Trade

1565 - 1815