1901-1935

(The American Period)

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 Economic Progress
A. American Economic Policy
B. New Prosperity
C. Population Explosion
D. New Land Policy
E. Agricultural Increase
F. Free Trade
G. Business Boom
H. New Industries
I. Improvement in Transportation and Communications
J. Better Budget
K. New Banks
L. International Exhibitions and Meetings
M. Economic Problems
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 Economic Progress
 The Filipinos enjoyed a better life under America than as the colony of Spain.

 Spain could not do for the Philippines in over 300 years, the United States
did in less than 50 years.

However, some problems with our economic life started during this era.

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 A. American Economic Policy
 The Philippine Bill of 1902 declared that all public lands and natural
resources of the Philippines are for “the benefit of the inhabitants.”

 The Jones Law of 1916 and Tydings-Duffie Law of 1934.

 William H. Taft, the first American Governor-General, said that the

Philippines was for the Filipinos.

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 A-1. American Economic Policy

 We had to serve the national interests of the United States.

 We could not make our own policy.

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 B. New Prosperity
 The new prosperity of the Philippines as a colony of America was shown in the following ways:

1. Population explosion 6. New Industries

2. New Land Policy 7. Improvement in transportation

3. Agricultural increase and communications

4. Free trade with America 8. Better government budget

5. Business Boom 9. New banks

10. Participation in international exhibitions

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 C. Population Explosion
These statistics show the population explosion then:

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 D. New Land Policy

Three ways on how Americans improved land policy in the Philippines:

 Friar lands were resold to Filipino farmers.

 Homestead Act in 1924 allowed any Filipino to own up 24 hectares of public

land.

 All lands had to be registered, and their owners got Torrens titles.

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 E. Agricultural Increase

 The Filipinos and the Americans cooperated to revive agriculture.

 The Bureau of Agriculture (1902)

 In 1903, the American Congress sent a $3 million emergency fund to

import rice and carabaos from other Asian countries.

 Modern farm tools from the United States were also introduced.

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 F. Free Trade with America
 Most important economic change

 A country has to trade with other countries abroad in order to develop.

 We were introduced to the big American market and American products

were bought by Filipinos.

 The Americans were the richest people in the mid-20th century.

 American products could enter the Philippines without paying customs

tariffs.

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 G. Business Boom

 Retail trade inside the Philippines also doubled from, 1907-1935. Filipinos had
more money to buy different things, however, they liked to buy imported
goods.

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 H. New Industries

 The Philippines entered the Industrial Age.

 The Americans invented mass production in big factories.

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H-1. New Industries

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H-2. New Industries

MANILA

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H-3. New Industries

MARIKINA

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H-4. New Industries

ILOCOS

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 H-5. New Industries

BULACAN, LAGUNA,
TAYABAS, BOHOL, AND
PANGASINAN

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 H-6. New Industries

PAMPANGA, RIZAL, BULACAN

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 H-7. New Industries

ALBAY, RIZAL, AND LAGUNA

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 H-8. New Industries
 Manila: coconut oil, cigars and cigarettes, sugar, rope, and textiles.

 Marikina: shoes

 Ilocos: blankets and towels.

 Bulacan, Laguna, Tayabas, Bohol, and Pangasinan: hats and mats

 Pampanga, Rizal, and Bulacan: rattan and wood furniture.

 Albay, Rizal and Laguna: pottery and bricks.

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 I. Improvement in Transportation and
Communication

 The Filipinos enjoyed the automobile, electric street car (tranvia), airplane,
telephone, wireless telegraph, radio, and movies.

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I-1. Improvement in Transportation and
Communication

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 I-2. Improvement in Transportation and
Communication

 Americans developed our railroads in Luzon, Cebu, and Panay.

 Pier 7 in Manila became the largest port in Asia.

 Manila became the center of air travel in Asia.

 The telephone and telegraph system in our country was the best in Asia.

 The best newspapers, radio stations, and postal services in Asia.

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I-3. Improvement in Transportation and
Communication

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 J. Better Budget

 The Philippine budget was balanced even during the Great World
Depression in the 1930s.

 In the 1930s, other government had huge deficits and problems.

 But the Philippines colonial budget had a surplus.

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 K. New Banks

 In 1906, the Postal Savings Bank was introduced.

 Philippine National Bank was established in 1906.

 Rural credit groups for farmers helped to reduce usury in the provinces.

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K-1. New Banks

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L. International Exhibitions and Meetings

 The Philippines was projected into the world’s limelight because of its
participation in international exhibitions, conferences, and meetings.

 The Philippine Army Band became the world-famous at the Golden

Gate Exposition, held at San Francisco, California in 1939.

 Filipino athletes were also able to join the Olympic Games.

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 M. Economic Problems
 We sold our raw materials cheap and bought expensive manufactured
goods from America.

Colonial mentality became worse.

 Labor and peasant unrest spread in the 1920s and 1930s.

 American capitalists and businessmen controlled the new companies.

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Thank you for reading!

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