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What is Philippine Economic Development, 1898-1941 about?

The Philippine economy became integrated with the American economy after being acquired in 1898, largely due to free trade policies. Initially, Spain retained some trading rights for a decade, but by 1940, the U.S. dominated 75% of Philippine trade, which grew from $34 million in 1899 to $251 million. The U.S. treated the Philippines as an extension of its market, implementing tariff preferences that shaped its colonial trade policies.

Author

whindeldayrit21

Language

EN