ECONOMIC DEVELOPMENT
Testo Storyboard
- TRADING SYSTEM
- Hey, why don't we trade our products to foreign countries?
- Sure, let's introduce to them our supplies to increase our demand.
- PHILIPPINES TO OTHER COUNTRIES
- You can not send your trade your products to other countries but you may trade them to Spain
- PHILIPPINES TO SPAIN
- Trading System in the Philippines during the 19th Century
- SPAIN TO OTHER COUNTRIES
- Filipinos can't trade their products to other countries because they are controlled or monopolized by the Spaniards, especially friars.
- ADVANTAGE FOR THE ROYAL FAMILY
- They can only trade and export their products to Spain.
- DISADVANTAGE FOR THE FILIPINOS
- Spain would sell the goods from the Philippines at a substantial mark-up
- Spaniards would reap the profit that would give the royal family the advantage and benefits they earned from the supplies.
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