HIST22 Reporting

1. OPENING OF THE PORT
TO WORLD TRADE

2. Opening of the Port to World Trade
• It means that the goods from the Philippines could be
shipped out to any of the countries abroad.
• And goods from other country could enter the Philippines
directly. Before Spanish banned the other foreigners from
living in the provinces or having businesses in the
Philippines. They did not apply to Chinese settlers, but it
covered other white men.

3. History of Opening of Port
to World Trade

4. The world turns its eyes on the Philippines
when…….
It all started when Royal Company of the Philippines, or in
Spanish, the Real Compaña de Filipinas. Governor-General Félix
Berenguer de Marquina recommended that the King of Spain open
Manila to world commerce.
Furthermore, the bankruptcy of the Real Compaña de
Filipinas (Royal Company of the Philippines) catapulted the
Spanish king to open Manila to world trade. In a royal decree
issued on September 6, 1834, the privileges of the company were
revoked and the port of Manila was opened to trade.

5. September 6, 1834
• Philippines opened to world trade- by a royal decree, Su
Majestad or Your Majesty the King declared the Royal Company
of the Philippines abolished and opened Manila’s ports to world
trade. Because Manila was a great harbour (the
shape of the bay protected trade boats from rough waters) it
became one of the best cities to trade with, luring American,
British and other European and Asian merchants to its shores.
As a result, Spain’s economic supremacy lost its footing in the
region.

6. • Modern methods of production and transportation,
notably sugar mills and steamships, opened the
Philippines for economic development. British, French,
Dutch, and North American traders began to demand
Philippine agricultural products, including sugar, cigars,
and abaca (Manila hemp). Sugar became the leading
export crop.
• In 1834 Spain lifted restrictions on trade between
foreign nations and the Philippines.

7. People involved in Opening the Port to World Trade

8. Who are these people involved in opening the ports in World
Trade?
• The good and quite modern King Charles III of Spain was the
one who created the company, and his goal was to make trade
to Spain from the Philippines more efficient.
• Governor-General Félix Berenguer de Marquina
recommended that the King of Spain open Manila to world
commerce.
• Su Majestad or Your Majesty the King declared the Royal
Company of the Philippines abolished and opened Manila’s
ports to world trade.
 Governor-General Basco had opened the Philippines to this
trade.

9. Who are these people involved in opening the ports in World
Trade?
• Sebir (1787) a Frenchman conducted a profitable business in Manila
• Tomas de Comyn(1798), a Spanish writer, in his book published
in Madrid 1820, mentioned an unnamed English merchant who
left
the Philippines in 1798 after living in Manila for 20 years during
which he became rich.
• George W. Hubbell (1821), an American businessman, and
his younger brother Henry, arrived in Manila, engaged in
business, and founded the Hubbell Company.

10. What is the impact of opening
the port to world trade to all Filipinos?

11. The Impact of Opening the Port to World Trade To All Filipinos 19th
Century
 When world trades open to the Philippines, it has caused for the
Spaniards to sell more product to other countries. Since the
materials came from the Philippines.They use our resources and do
not repay us as they sell more things we grow to have less
resources .But the positive is that our economy increases.
 The economy of the Philippines rose rapidly and its local
industries developed to satisfy the rising demands of an
industrializing Europe.

12. The Impact of Opening the Port to World Trade To All Filipinos 20th
Century
• Manila and the Philippines garnered great economic growth
around this time.
• Many shops opened in the Binondo and the rest of the
“Extramuros” area (the areas outside of Intramuros).
• The best part of this was that some were also owned by Filipino
businessmen who were knowledgeable in finance and consumer
retail. Manila itself expanded – more people came to settle in the
city and grew rich through profit from trade.

13. The Impact of Opening the Port to World Trade To All Filipinos
• In short by 19th and 20th century, the opening of
the port and the other parts of the Philippine to
foreign trade brought not only economic
prosperity to the country but also remarkable
transformation in the life of the Filipinos.
• As the people, prospered, their standard of living
improved.

14. Thank You!
REFERENCES:
https://en.wikipedia.org/wiki/History_of_the_Philippines_(1521%E2%80%931898)#The_opening_of_the_Philippines_to_world_trade
https://prezi.com/mqsiz9em8b2g/liberalism-suez-canal-manila-to-world-trade/
https://en.wikipedia.org/wiki/History_of_the_Philippines_(1521%E2%80%931898)#The_opening_of_the_Philippines_to_world_trade
https://prezi.com/mqsiz9em8b2g/liberalism-suez-canal-manila-to-world-trade/
https://ph.toluna.com/opinions/3482138/Today-s-History-September-6,-1834-%E2%80%93-by-a-royal-decree
http://ffemagazine.com/6-september-the-world-turns-its-eyes-on-the-philippines/