PATALASTAS

 

Language Activities

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Vocabulary

Association Game
Translation Flip Card
Contextual Clues

Cultural Scenarios

At Work
In the Community

Other Language Related Notes

 

 

 

 

 

 

 

 

 

 

Pamilihan
Ni M. Evagelista

First Philippine Trade

DID YOU KNOW…

...that Mexican gold or silver currency brought in via the galleon trade between Manila and Acapulco (in Mexico) became an accepted means to facilitate commodity exchange in the Islands?
.
…that foreign trading firms engaged in the wholesale-retail business in the Philippines, also functioned as commission merchants, and later served in a limited capacity as merchant bankers in the absence of a regular bank?
.
…that American trading firms in the Philippines during the Spanish regime gave short-term advances to crop-growers at interest, and accepted funds from customers, also at interest?
.
…that the first bank in the Philippines, originally called El Banco Español Filipino de Isabel 2, was established in Manila on August 1, 1851 but actual operations began in 1852?
 

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