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Spanish Era: Economics

Civic Society, Economics and Commercial Development, European Exploration, Trade and Scientific Studies, Historic Eras of Guam, Spanish Era: Economics, Spanish Era, Trade

Whaling Influence in the Marianas

Eleven CHamoru men, kidnapped in Guam by Alonso de Salazar’s crew of the Victoria on 10 September 1526, to work the ship’s water pumps, became the first known Pacific crew members of a European based vessel. The Victoria was the only surviving ship of a seven ship fleet dispatched by Spanish Emperor Charles V.

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Civic Society, Economics and Commercial Development, European Exploration, Trade and Scientific Studies, Historic Eras of Guam, Spanish Era: Economics, Spanish Era

Spanish Coinage in Guam

The early years. A method of barter was in common use by native CHamorus long before the Spaniards arrived in Guam in the 16th century. Because of this barter system and the absence of commerce, there was no need for a coinage system in Guam during the first 150 years of Spanish rule.

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