Answer:
On March 10, 1785, Real Compañía de Filipinas (The Royal Company) was established through a royal decree. The company together with Sociedad Económica de Amigos del Pais (Economic Societies of Friends of the Country) established in 1781, were two of the most important events during the coming of Governor General José de Basco y Vargas which marked a new era in the economic history of the country.
Explanation:
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