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.
6. Also called the Philippine
Commission
The growth and development
of American Trade in the
Philippines was spelled out to
be major economic goal that
must be met.
8. The Commission adjudged
the agricultural tools and
equipment used in the
islands as wretched and
crude…
Corpuz(1997) narrates that:
9. For manufactured and
processed goods, it saw a
rich market for drugs and
chemicals, wheat flour,
preserved meats, etc.,…
Corpuz(1997) narrates that:
11. to further the strengthen the
American control of the
Philippine economy, various
legislations were approved
by the US Congress.
This legislation caused
Philippine trade with the US
to sharply increase from
Php63.8 million in 1895 to
Php516 million in 1940.