Heather Rachelyn L.

Aguilar

When the Spanish silver dollar traveled

across continents in the 16th century, it
is believed that globalization began.
When Spanish navigators built the
tornaviaje, a circumferential shipping
route between Asia and the Americas,
it came to be accepted as a common
currency.Since the 18th century,
globalization has accelerated due to
advancements in communications and
transportation technologies.It alters
how nations, businesses, and
individuals interact. It specifically alters
the nature of economic activity among
nations by increasing trade, opening
global supply chains, and facilitating
access to natural resources and labor
markets.
The Philippines' abundance of high-quality
wood allowed the shipbuilding of spain to
construct hundreds of galleon well into the
17th century. Each one was more grand and
ornate than the last, thanks to their
abundance of wood and skilled
shipwrights.Galleons were built in the
shipyards of Cavite, a Philippine province
south of Manila Bay on Luzon Island.
Blacksmiths, carpenters, builders and naval
experts worked together to create these
“strong castles in the sea” – called so
because strength was considered more
crucial than mobility.

GLOBALIZATION

The establishment of trade with

China was the main reason why
Spanish galleons traveled this sea
route. China Ships was the name
Manila was established as a major
given to these European ships. They
trading port for Chinese goods in the
brought silver from the Americas to
16th century. The Chinese community
Asia to trade for goods, especially
in Manila grew exponentially to keep
Chinese-made items.When the
pace with the booming trade. Manila
Spanish attempted to develop trade
also provided sailors with respite
relations with China, they discovered
before their long and arduous journey
that the Chinese had little appetite
to Acapulco.Many of the Chinese
for imports. But it turned out that the
traders in Manila settled near
Chinese had a ravenous thirst for
Intramuros, now known as Parián.
silver. Beijing actually decreed that
Spanish sangleyes, or Chinese who
taxes should be paid in silver during
converted to Christianity, allowed
the Ming Dynasty in the later part of
Chinese business interests to spread.
the 16th century. Because there was
no domestic market for the precious
metal, demand for foreign silver
skyrocketed.
2.As the time pass by Globalization increases the integration of
economies.It is the process of developing the economy through
technologies.Shipping different products from/to different countries is
part of globalization.