Why was the discovery of Tornaviaje important in the history of globalization?
His discovery was called the tornaviaje, or ‘return trip’. The trading route that resulted from Urdaneta’s discovery — that of the Manila galleons — brought the silver from the Americas that underpinned China’s money supply and transformed the global economy.
How did the Philippines benefited from the galleon trade?
The Manila galleon trade made significant contributions to colonial Spanish culture. It helped to fashion the very society of the Philippines, which relied upon its income, its merchandise, and the services of Chinese, Malay, and other participants.
Who discovered the Tornaviaje?
While the image of Our Lady of Peace and Good Voyage was brought to the Philippines by Governor-General Juan Niño de Tabora in 1626 and was later passed on to the Jesuits in the church of Antipolo, the “tornaviaje” was discovered by Fray Andrés de Urdaneta, a Spanish navigator, in 1565.
Why is it called galleon trade?
The Galleon Trade
The Spanish government continued trade relations with these countries, and the Manila became the center of commerce in the East. The Spaniards closed the ports of Manila to all countries except Mexico. Thus, the Manila–Acapulco Trade, better known as the “Galleon Trade” was born.
What is the advantage of galleon trade?
Advantages: The galleons brought Mexican silver, merchandise, and useful plants to the Philippines as well as other influences from Mexico and Spain. The trade generated revenue needed by the government.
How did galleon trade affect globalization?
“Globalization started with trade in Asia, in Spanish America,” said Mr. Gordon. He further emphasized that the galleon trade put up the ground for globalization by bringing about economic and cultural exchange, and integration of financial markets between Asia and the Americas.
Why did the galleon trade decline?
Almost half of silver dollars in trade would flow back into China. … In 1815, galleon trade was phased out after the Spanish king issued an imperial edict to abolish galleon trade due to the impact of independent movements in Latin America and free trade in Britain and America.
Who is Urdaneta?
Andrés de Urdaneta (1498-1568), a Spanish Augustinian friar born in Villafranca de Ordizia in the Basque province of Gipuzkoa, Spain, was a seaman, sailor, navigator and author who became the most knowledgeable European navigator of the Pacific, best known for his discovery of the Tornaviaje, or return sea route from …
What were the major entre ports of the Tornaviaje?
The Pacific galleons’ ports were Cavite and Acapulco, then goods went overland in México to/from the port of Veracruz and Atlantic Flota de Indias galleons to/from the Casa de Contratación in Seville, and after 1717 in Cadiz, Spain.
Was Spain able to subjugate the Philippines completely explain?
Spain was able to subjugate the Philippines for nearly four centuries of terror and cultural annihilation. … The exploitation of the islands uncovered a tremendous natural wealth, and this eventually led to the exposure of the Philippines.