What are the effects of the Manila Galleon Trade?

Answer 1

The effects of the galleon trades are as follows:

*establishment and proliferationof trading companies.
*increases the volume and value of trade.
*nurturing of our american taste in consumption.
*growth of the manufacturing industries in the philippines was also hindered by the promotion of free trade policy.
*organized during this period were financial institutions which extended credit to importers and exporters.
*number of letters,telegrams,money orders and deposits in postal office also increase.