Positive Effects of Galleon Trade
Positive results of the galleon trade were the intercultural exchanges between the Philippines and the Americans, symbolized by no less than the Mexican-made Virgin of Antipolo, chosen as the patroness of the sailors, who protected them from the untold perils across the Pacific.
Negative Effects of Galleon Trade
The galleon trade had a negative effect on economic development in the Philippines since virtually all Spanish capital was devoted to speculation in Chinese goods. The importance of trade declined in the late 18th century as other powers began to trade directly with China.
