This site contains quotes, articles, ebooks, and other related documents on Philippine historical studies. One of the potent arguments in favor of encouraging foreign investment is that it results in an inflow of much needed capital. The purpose of this study, originally undertaken in during Martial Law for the Technology Research Center and deliberately kept from being published, is to determine the extent to which foreign corporations bring in their capital requirements and to determine the effect of their operations on the balance-of-payments position of the Philippines. The economic history of the Philippines in modern times may be roughly divided into six periods:
Defeated on the battlefield, the Filipinos turned to guerrilla warfare, and their defeat became a mammoth project for the United States— Thus began the Philippine-American War, one that cost far more money and took far more lives than the Spanish-American War.
Fighting broke out on February 4,after two American privates on patrol killed three Filipino soldiers in San Juan, Metro Manila. SomeAmerican soldiers would be committed to the conflict; 4, American and 16, Filipino soldiers, part of a nationwide guerrilla movement of indeterminate numbers, died.
Estimates on civilian deaths during the war range betweenand 1,, largely because of famine and disease. Atrocities were committed by both sides. The poorly equipped Filipino troops were handily overpowered by American troops in open combat, but they were frightening opponents in guerrilla warfare.
Malolos, the revolutionary capital, was captured on March 31, Aguinaldo and his government escaped, however, establishing a new capital at San Isidro, Nueva Ecija. Antonio Luna, Aguinaldo's most capable military commander, was murdered in June.
With his best commander dead and his troops suffering continued defeats as American forces pushed into northern Luzon, Aguinaldo dissolved the regular army in November and ordered the establishment of decentralized guerrilla commands in each of several military zones.
The general population, caught between Americans and rebels, suffered significantly. The revolution was effectively ended with the capture of Aguinaldo by Gen. Frederick Funston at Palanan, Isabela on March 23, and was brought to Manila, but the question of Philippine independence remained a burning issue in the politics of both the United States and the islands.
The matter was complex by the growing economic ties between the two countries.
Although moderately little American capital was invested in island industries, U. Free trade, established by an act ofwas expanded in Influenced of the uselessness of further resistance, he swore allegiance to the United States and issued a proclamation calling on his compatriots to lay down their arms, officially bringing an end to the war.
However, sporadic insurgent resistance continued in various parts of the Philippines, especially in the Muslim south, until English was declared the official language.
Also, the Catholic Church was disestablished, and a substantial amount of church land was purchased and redistributed.
Some measures of Filipino self-rule were allowed, however. An elected Filipino legislature was established in When Woodrow Wilson became U.
President inthere was a major change in official American policy concerning the Philippines. While the previous Republican administrations had predicted the Philippines as a perpetual American colony, the Wilson administration decided to start a process that would slowly lead to Philippine independence.
The Philippines were granted free trade status, with the U. The law which served as the new organic act or constitution for the Philippines, stated in its preamble that the ultimate independence of the Philippines would be American policy, subject to the establishment of a stable government.
The law placed executive power in the Governor General of the Philippines, appointed by the President of the United States, but established a bicameral Philippine Legislature to replace the elected Philippine Assembly lower house and appointive Philippine Commission upper house previously in place.
The Filipino House of Representatives would be purely elected, while the new Philippine Senate would have the majority of its members elected by senatorial district with senators representing non-Christian areas appointed by the Governor-General.
Members to the elected legislature lost no time in lobbying for immediate and complete independence from the United States.Philippines: Philippines, island country of Southeast Asia in the western Pacific Ocean.
It is an archipelago consisting of some 7, islands and islets lying about miles ( km) off the coast of Vietnam. Manila is the capital, but nearby Quezon City is the country’s most-populous city. Philippine economy during american period 1.
The Economy During the American Period 2. Spain ceded Philippines to United States through an agreement enshrined in the Treaty of Paris.
Spain would receive $20 million as indemnity for the war and the unfinished building projects. 3. William Howard Taft 4. During the American colonial regime, Iligan was also one of the biggest towns of the once undivided province of Lanao. There was very little progress and development that occurred in the town during the Spanish period.
Transcript of Philippines' Economy During the American Period Treaty of Paris was an agreement made in that resulted in the Spanish Empire's surrendering control of Cuba and ceding Puerto Rico, parts of the Spanish West Indies, the island of Guam, and the Philippines to the United States.
The second period of United States rule—from to —was characterized by the establishment of the Commonwealth of the Philippines and occupation by Japan during World War II. Legislation passed by the U.S.
Congress in provided for a year period of transition to independence. Transcript of CULTURAL AND SOCIETAL CHANGES DURING AMERICAN PERIOD by Kenneth Joshua F.
Morada. CULTURAL AND SOCIETAL CHANGES DURING AMERICAN PERIOD Public schools were opened up First teachers were called: Philippine Economy improved Increase in Agricultural production.