The Economy During the

American Period
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.
William Howard Taft
 United States defined and
justified its colonial role as
one of the tutelage:
preparing the Philippines for
eventual independence.
President Theodore Roosevelt
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.
Corpuz(1997) narrates that:

“…Commission viewed
the Philippines as an
immense field for sale of
American goods…
Corpuz(1997) narrates that:

The Commission adjudged

the agricultural tools and
equipment used in the
islands as wretched and
crude…
Corpuz(1997) narrates that:

For manufactured and

processed goods, it saw a
rich market for drugs and
chemicals, wheat flour,
preserved meats, etc.,…
Corpuz(1997) narrates that:

The Commission
optimistically anticipated
a flow of American capital
and technology in
developing the economy
of the islands.
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.
 but... what is
Payne-Aldrich Act?