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Field of tobacco in rural Philippines. First introduced in 1592, tobacco continues to dominate the social, political, and economic life in the Philippine regions where it is grown. The tobacco industry is a major force in the development of these areas, especially in Ilocos, in which it is still one of the region's leading sources of income.
The tobacco monopoly made the colony self-sustaining and profit-earning. [10] In 1808, the government realized a net profit of P500,000.00. These profits increased in subsequent years, reaching $3,000,000 in 1881. As a consequence of the monopoly, the Philippines became the biggest tobacco-producing country in Asia.
In a 1988 interview, she stated, "We practically own everything in the Philippines—from electricity, telecommunications, airline, banking, beer and tobacco, newspaper publishing, television stations, shipping, oil and mining, hotels and beach resorts, down to coconut milling, small farms, real estate and insurance." [5]
The Compañía General de Tabacos de Filipinas, S.A. (General Tobacco Company of the Philippines, abbreviated CdF), [1] also known as the Compañía Española de Tabacos de Filipinas, [2] was a Spanish multinational joint-stock company, one of the world's most important enterprises in the late 19th and early 20th century, and the Philippines' first private tobacco company.
Laoag (), officially the City of Laoag (Ilocano: Siudad ti Laoag; Filipino: Lungsod ng Laoag), is a component city and capital of the province of Ilocos Norte, Philippines. According to the 2020 census, it has a population of 111,651 people.
Beyond Tobacco presents the rich economic history of the Philippines and its deep relationship with Spain during and after the Tobacco Monopoly in the 19th century by its large collection of artifacts, memorabilia, maps, and photographs of the Compañia General de Tobacos de Filipinas (also known as Tabacalera).
Abolition of Tobacco Monopoly Monument Built in 1881 as a way of thanking King Alfonso XII of Spain by the people of Laoag for abolishing the tobacco monopoly. [1] Ilocos Norte: Laoag: Aurora Park, Brgy. 14, Poblacion
The tobacco company was founded on 26 November 1881 by Antonio López y López from Comillas, Cantabria and Santiago de Cuba, and Don Guillermo Rubio born in Santander, Cantabria. [ 3 ] In 1780, the popularity of cigars in the Philippines prompted Spanish authorities to impose a tobacco monopoly , such that the only ones able to plant ...