Search results
Results from the WOW.Com Content Network
The tax reform provided the basis for the recovery of Spain's finances during Isabella's reign and allowed a program of public works. The system remained essentially intact until 1900, when the effect of the loss of Spain's colonies in the Spanish–American War led to a further tax reform by Raimundo Fernández Villaverde.
The history of the Philippines from 1565 to 1898 is known as the Spanish colonial period, during which the Philippine Islands were ruled as the Captaincy General of the Philippines within the Spanish East Indies, initially under the Viceroyalty of New Spain, based in Mexico City, until the independence of the Mexican Empire from Spain in 1821.
With unequal treaties with colonial powers behind them, major Latin Americans countries were able to implement autonomous trade policies during this period. They imposed some of the highest import tariffs in the world, with average tariffs between 17% and 47% [65] Average per capita income during this period rose at the rapid annual rate of 1.8 ...
During pre-colonial times, the Philippine Islands were composed of numerous kingdoms, and thalassocracies oversaw the large number of merchants coming to the islands for trade. Indian , Arab , Chinese and Japanese merchants were welcomed by these kingdoms, which were mostly located by riverbanks, coastal ports and central plains.
Gobernadorcillos circa 1833. The gobernadorcillo (locally [ɡoβeɾnaðoɾˈsiʎo], literally "little governor") was a municipal judge or governor in the Philippines during the Spanish colonial period, who carried out in a town the combined charges or responsibilities of leadership, economic, and judicial administration.
Despite the fact that the Spanish economy in this period had obtained cheap inputs from the colonization process which provided different advantages, it had not led to sustainable economic growth. At the first steps flows of capital and investment unions between nobles and successful merchants provide a development of Spanish cities.
A major drive of the Spanish colonization of the Americas during the late 15th and 16th centuries was the discovery, production, and trading of precious metals at a time when there was a severe shortage of them. The Spanish, along with other European nations, likewise had a great desire for Chinese goods such as silk and porcelain. [13]
Polo y servicio was the forced labor system without compensation [1] imposed upon the local population in the Philippines during the Spanish colonial period. [2] In concept, it was similar to Repartimiento, a forced labor system used in the Spanish America. [3] The word polo refers to community work, and the laborer was called polista. [4]