Author: Benito J. Legarda Jr.
AFTER THE GALLEONS tracks the progress of Philippine foreign trade in the nineteenth century from the end of the galleon trade to the Philippine Revolution. It describes the great increase in the value of domestic exports with their progressive concentration in abaca and sugar, and the concentration of imports on textiles. It identifies the major trading partners (Britain, the U.S., China) and notes the minor part played by Spain. It finds that the country was land rich, characterized by smallholdings, it was labor short, and was a rice exporter.