Spanish East Indies not materialize.) In a similar vein, to promote innovation and education among the residents of the islands, Governor-General José Basco y Vargas established the Economic Society of the Friends of the Country. For over 256 years, the Spanish East Indies were governed by a governor-captain general, and an audiencia. All economic matters of the Philippines were managed by the Viceroyalty of New Spain, located in Mexico. Because the eastward route was more widely used for military purposes, in addition to commerce that included the Manila-Acapulco galleon trade, most government correspondence went through Mexico, rather than directly to Spain (with the
East Indies and early 16th century led by the Portuguese explorers. The Portuguese described the entire region they discovered as the "Indies". Eventually, the region would be broken up into a series of "Indies": The East Indies, which was also called "Old Indies" or "Great Indies", consisting of India, and the West Indies, also called "New Indies" or "Little Indies", consisting of the Americas. These regions were important sources of trading goods, particularly cotton, indigo and spices after the establishment of European trading companies: the British East India Company and Dutch East India Company, among others, in the 17th century. The New