“The Capital Market of Manila and the Pacific Trade, 1668-1838: Institutions and Trade during the First Globalization” by Juan José Rivas Moreno
Much has already been written about the Manila Galleon, the system of annual commercial sailings between Manila and Acapulco that dominated trans-Pacific trade for two and a half centuries from the latter part of the 16th-century until the early 19th, a development which is often taken to mark the beginning of “globalization”. Juan José Rivas…













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