Portuguese Merchants in the Manila Galleon System: 1565-1600

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Villamar examines the role of Portuguese merchants in the formation of the Manila Galleon as a system of trade founded at the end of the sixteenth century.The rise of Manila as a crucial transshipment port was not a spontaneous incident. Instead, it came about through a complex combination of circumstances and interconnections that nurtured the establishment of the Manila Galleon system, a trading mechanism that lasted two and half centuries from 1565 until 1815. Villamar analyses the establishment of the regulatory framework of the trade across the Pacific Ocean as a whole setting that provided legality to the transactions, predictability to the transportation and security to the stakeholders. He looks both at the Spanish crown strategy in Asia, and the emergence of a network of Portuguese merchants located in Manila and active in the long-distance trade. This informal community of merchants participated from the inception of the trading system across the Pacific, with connections

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