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Even after the galleon era, and at the time when Mexico finally gained its independence, the two nations still continued to trade, except for a brief lull during the Spanish–American War. In Manila, the safety of ocean crossings was commended to the virgin Nuestra Señora de la Soledad de Porta Vaga in masses held by the Archbishop of Manila.
The global silver trade between the Americas, Europe, and China from the sixteenth to nineteenth centuries was a spillover of the Columbian exchange which had a profound effect on the world economy. Many scholars consider the silver trade to mark the beginning of a genuinely global economy , [ 1 ] with one historian noting that silver "went ...
The Galeón: Manila–Acapulco Galleon Museum, or Museo de Galleon, had its soft opening in the capital of the Philippines in 2017. The museum is a prestigious exhibition and research center on the history of globalization, through the lens of the galleon trade, and thus from the Philippine and Mexican points of view.
The West Indies fleet was the first permanent transatlantic trade route in history. Similarly, the related Manila galleon trade was the first permanent trade route across the Pacific. The Spanish West and East Indies fleets are considered among the most successful naval operations in history [ 3 ] [ 4 ] and, from a commercial point of view ...
A trade war is a conflict between two countries marked by rising tariffs and other similar protectionist actions. Remember, a tariff is a tax put into place by one country on imported goods or ...
Under Spanish rule, the Philippines became a key hub in the Manila-Acapulco galleon trade, though the wealth primarily benefited colonial powers rather than local development. During the American colonial period (1901–1946), the country saw significant economic reforms and infrastructure improvements, while the Philippine peso was pegged to ...
In 2018, during Trump's first term, the president saw the start of a trade war after enacting tariffs on steel and aluminum, in hopes of bolstering American manufacturing. The EU counterattacked ...
The U.S. is Colombia's largest trading partner, largely due to a 2006 free trade agreement, with $33.8 billion worth of two-way trade in 2023 and a $1.6 billion U.S. trade surplus, according to U ...