Philippine Economy in the American Colonization

Who was the president of the first commission?

• William Howard Taft

• Dr. Jacob Gould Schurman

This commission was called an “organizing commission”.

• Taft Commission

• Schurman Commission

The free trade strategy was successful and created the “economy of _______”.

• International relations

• Special relations

• Free relations

• Amazing relations

The United States has exercised political and economic dominance over the Philippines between ____ until ____?

• 1899 until 1956

• 1899 until 1946

• 1890 until 1966

The gold standard monetary system used a theoretical gold peso and a token peso in circulation.

• TRUE

• FALSE

The Americans developed an export-oriented economy built on cash crops and extractive industries such as farming.

• TRUE

• FALSE

Answer explanation

Mining.

 When did the depression happen?

• early 1950s

• early 1930s

• early 1920s

• last night

Tobacco was the commodity most obviously affected; the Philippine cost of production   in the 1930s was estimated at more than twice that of its natural competitor, Java.

• TRUE

• FALSE

Answer explanation

Sugar.

The Philippine-American War led the country to be free from economic struggles.

• TRUE

• FALSE

Which is the correct title of the law?

    a. Emergency Tax Law

    b. Emergency Tax Law of 1912

    c. Emergency Tax Law of 1951

    d. Emergency Tax Law of 1915

• Emergency Tax Law

• Emergency Tax Law of 1912

• Emergency Tax Law of 1951

• Emergency Tax Law of 1915