Agricultural Economy
Under American rule, which crop became an important export product due to the development of the coconut industry?
Coconut
What labor reform was introduced by the Americans in the Philippines to replace the earlier system of forced labor under the Spanish?
Wage labor
Which law passed during the American period allowed Philippine agricultural products, like sugar, to be exported to the United States at reduced tariffs?
The Payne-Aldrich Tariff Act of 1909
During the American colonial period, what industry was introduced to the Philippines to process raw materials like sugar, tobacco, and coconut?
Manufacturing
What currency system was introduced in the Philippines after the U.S. took control, which aligned the Philippine peso with the American dollar?
The Philippine peso
Which crop, introduced during the American period, became a major export from the Philippines, particularly due to the increasing demand in the United States?
Sugar
Which program, launched by the American colonial government, focused on improving labor conditions and ensuring fair wages for workers in agriculture and industry?
The Bureau of Labor
What economic concept, widely used during American rule, allowed the Philippines to export raw materials to the U.S. while importing manufactured goods?
Mercantilism (or economic dependence)
Which American industry became prominent in the Philippines under American rule, particularly in the 1920s, with the establishment of factories and processing plants?
The textile industry
What banking institution, established under American rule, played a crucial role in managing currency and financing the economic activities of the Philippines?
The Philippine National Bank
What major agricultural change took place during the early years of American colonial rule with the establishment of large-scale mechanized farming?
The introduction of modern farming techniques
What system of labor was introduced in the Philippines during the American period, particularly on sugar plantations in Negros, which focused on contract labor?
Hired labor or contract labor
What was the name of the agreement that the United States signed with the Philippines in 1934, which promised eventual independence but also ensured continued economic ties with the U.S.?
The Tydings-McDuffie Act
What key industry, crucial for shipbuilding and construction, expanded in the Philippines during the American colonial period due to increased demand in the Pacific?
The cement industry
What was the primary reason behind the introduction of the gold standard in the Philippines during the American colonial period?
To stabilize the currency and integrate the Philippines into the global economy
What crop, besides sugar and coconut, was promoted by the American government for export under the "Hemp Act of 1910," which allowed for the cultivation of hemp for rope production?
Abaca (Manila hemp)
What was the name of the labor union movement that began to emerge in the Philippines during the American period, advocating for better wages and working conditions for Filipino workers?
The Philippine Federation of Labor!
Under American rule, which major trade shift occurred with the establishment of free trade between the Philippines and the United States, particularly for agricultural products?
Free trade agreement
What major industry, promoted by the American colonial government, helped establish the Philippines as a major player in the global market for processed food products?
The canning industry
What key change in the Philippine banking system occurred during the American period, particularly with the establishment of the Philippine National Bank?
The formalization of banking and financial services
Under American rule, which crop was introduced for cultivation in the Philippines to support the growing demand for food exports, particularly in the U.S. market?
Rice
What was one significant impact of the introduction of American public education on the labor force in the Philippines?
Increased literacy and skilled labor force
What major infrastructure project funded by the American colonial government helped boost internal trade and transportation in the Philippines during the early 20th century?
The establishment of the Philippine National Railway
Which major industrial project, initiated by the American government in the early 20th century, aimed to modernize the agricultural sector through mechanization
The expansion of irrigation systems
Which American economic policy had a significant impact on the Philippine currency system during the early 20th century, linking it to the U.S. dollar?
The establishment of a fixed exchange rate