Wednesday 27 July 2011

Pre-Colonial and Colonial Philippines (Economics)

During pre-colonial times, the Philippines were open to trade with their different neighboring countries, but the most frequent one was China. They had a healthy trade system and maintained healthy relations with the countries they traded with. Since the Filipinos main source of labor was farming and fishing, the item mostly sold or traded was agricultural. It wasn't until the Spaniards came when they started taking the Filipinos earnings for themselves which led to the economic hardships of the colonial era.



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