Manila is founded as the eastern terminus
Miguel López de Legazpi established a Spanish city at Manila on Luzon, on the site of an existing settlement, and the transpacific trade acquired its permanent Asian terminus. Flynn and Giráldez have argued that this date rather than 1492 or 1498 marks the true beginning of world trade, on the ground that it is the moment all the populated continents became linked by continuous exchange in a single commodity — silver — with a single global price forming across the whole system.
Historical — it happened, and the record is settled.
Subjects
- Manila · city · Philippines
- The Manila galleon (Nao de China) · trade route · Pacific Ocean — Manila to Acapulco · not located
- Silver · trade good · not located
Evidence
Partly verified — Core facts are sourced; some optional detail is deliberately absent.
Born with a "Silver Spoon": The Origin of World Trade in 1571
The argument that the founding of Manila in 1571, by linking the American silver supply directly to the Chinese demand for it, marks the beginning of genuinely global trade. V55 verification basis: NOT consulted in this session. The volume and year are given from the author's knowledge; pagination is omitted. The 1571 thesis is a position in an ongoing debate about the periodisation of globalisation, not a settled fact.
Journal of World History · 1995 · Partly verified
Dennis O. Flynn and Arturo Giráldez, "Born with a 'Silver Spoon': The Origin of World Trade in 1571", Journal of World History, vol. 6 (1995)
Recorded on Manila
Related
Related because they share a subject in the Atlas — never because the text looks similar.
- Treaty of Nanking · 1842-08-29
- The Opium Wars · 1839–1860
- The last Manila galleon sails · 1815
- Commutation Act cuts British tea duty · 1784
- Qing trade confined to Canton · 1757
- Urdaneta finds the return route across the Pacific · 1565
- Silver ore is registered at the Cerro Rico of Potosí · 1545