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    MANILA GALLEONS. Trade in the Philippines centered around the "Manila galleons," which sailed from Acapulco on the west coast of Mexico (New Spain) with shipments of silver bullion and minted coin that were exchanged for return cargoes of Chinese goods, mainly silk textiles and porcelain.

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  • How do government subsidies help an industry? | Investopedia

    Understand how government subsidies can help an industry, on both the consumer and supplier side. Learn the potential drawback to implementing subsidies.

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