BINONDO Area
*During WWII, (Aerial View) view of the Binondo Areas showing the extent of Damages done by both American and Japanese forces
BEFORE AND AFTER
Location: Binondo, Manila NCR
Wayback 1945
DID YOU KNOW?!
*Binondo was founded in 1594
*Was created by Spanish Governor Luis Pérez Dasmariñas as a permanent settlement for Chinese immigrants who converted to Catholicism
*The Spanish gave a land grant for Binondo to a group of Chinese merchants and artisans in perpetuity, Tax-free and limited self governing privileges
*During the brief British Occupation of Manila (between 1762 and 1764), Binondo was bombarded on several occasions and some of its structures destroyed- Many Spanish, Mestizos, Chinese and Filipino were killed and brought into prisons indiscriminately
*Binondo became the main center for business and finance in Manila for the ethnic Chinese, Chinese mestizos and Spanish Filipinos
*Before WWII, Binondo was the centre of a banking and financial community which included Insurance Companies, Commercial Banks and other Financial Institutions from Britain and the United States of America- These banks were located mostly along Escolta (which used to be called the .. “Wall Street of the Philippines”
*After the war and new development, most businesses began to relocate to the newer are of Makati
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