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The history of the Philippines from 1898 to 1946 is known as the American colonial period, and began with the outbreak of the Spanish–American War in April 1898, when the Philippines was still a colony of the Spanish East Indies, and concluded when the United States formally recognized the independence of the Republic of the Philippines on ...
The Laurel–Langley Agreement ended the free American market for sugar produced in the Philippines; it had been, before the agreement, exported to the U.S. duty-free. . After the 1960s, exports from the Philippines increased significantly due to the American embargo against
It was during the term of the administration when the Bangko Sentral ng Pilipinas was established, and the Philippines joined the World Trade Organization and other free trade associations such as the APEC. Also, debt reduction was considered and as such, the issuance of certain government bonds called Brady Bonds also came to fruition in 1992.
As required by the Bell Trade Act, a plebiscite was held in the Philippines to amend the Philippine Constitution to provide for "parity rights" between American and Philippine citizens. Prior to the plebiscite, the Constitutional amendment had to be approved by the Philippine Congress, which required a 3/4 vote by the Philippine House and ...
Taft signed the bill with enthusiasm on 5 August 1909, expecting it would stimulate the economy and enhance his political standing. He especially praised the provision empowering the president to raise rates on countries which discriminated against American products, and the provision for free trade with the Philippines. [12]
The Tydings–McDuffie Act provided for the drafting and guidelines of a constitution for a ten-year "transitional period" as the Commonwealth of the Philippines before the granting of Philippine independence. On May 5, 1934, the Philippines Legislature passed an act setting the election of convention delegates.
On March 10, 1901, with the Philippine-American war drawing to a conclusion, Elwell S. Otis, as Military Governor, created the Department of Public Instruction. [3] Instruction in English language, and American history, Education was expected to lead to forming of a national identity and Filipino nationalism. [4]
The policy of Garcia, was a response to the impact of free trade and American economic dominance in the Philippines for years following the World War II. It is meant to assert greater Filipino role over the country's economy if not to gain control of it by promoting "Filipino business establishment". [3]