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State and finance in the Philippines, 1898-1941 : the mismanagement of an American colony / Yoshiko Nagano.

By: Material type: TextTextLanguage: English Publication details: Quezon City : Ateneo de Manila University Press, c2015.Description: xiii, 248 pages : illustrations, map ; 23 cmContent type:
  • text
Media type:
  • unmediated
Carrier type:
  • volume
ISBN:
  • 9789715507035
Subject(s): LOC classification:
  • HG1264 N13 2015
Contents:
Understanding the Philippine financial crisis, 1919-1922 -- Overview: The Philippine currency system under U.S. rule -- The emergence of modern banking in the Philippines -- Start-up: The Agricultural Bank of the Philippine government -- The Philippine National Bank and lending in agriculture -- Debacle: The Wood-Forbes mission and the financial crisis -- The Philippine National Bank and credit inflation -- Reconstructing the Philippine National Bank and the currency system.
Summary: "During the First World War, ill-advised steps by colonial officials in the Philippines who were responsible for the colony's finances created a crisis which lasted from 1919 until 1922. The circumstances shook the foundations of the American colonial state and contributed to Manuel L. Quezon's successful effort to replace Sergio Osmeña as leader of the politically dominant Nacionalista Party. These events have generally been blamed on a corruption scandal at the Philippine National Bank, which had been established in 1916 as a multi-purpose, semi-governmental agency whose purpose was to provide loans for agricultural export industry, to do business as a commercial bank, to issue bank notes, and to serve as a depository for government funds."--Back cover.
List(s) this item appears in: Print Books 2021
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Holdings
Item type Current library Collection Call number Materials specified Status Notes Date due Barcode
Books Books Ladislao N. Diwa Memorial Library Filipiniana Section Non-fiction F RUS HG1264 N13 2015 (Browse shelf(Opens below)) Room use only 76857 00076842

Includes bibliographical references (pages 224-239) and index. In English.

Understanding the Philippine financial crisis, 1919-1922 -- Overview: The Philippine currency system under U.S. rule -- The emergence of modern banking in the Philippines -- Start-up: The Agricultural Bank of the Philippine government -- The Philippine National Bank and lending in agriculture -- Debacle: The Wood-Forbes mission and the financial crisis -- The Philippine National Bank and credit inflation -- Reconstructing the Philippine National Bank and the currency system.

"During the First World War, ill-advised steps by colonial officials in the Philippines who were responsible for the colony's finances created a crisis which lasted from 1919 until 1922. The circumstances shook the foundations of the American colonial state and contributed to Manuel L. Quezon's successful effort to replace Sergio Osmeña as leader of the politically dominant Nacionalista Party. These events have generally been blamed on a corruption scandal at the Philippine National Bank, which had been established in 1916 as a multi-purpose, semi-governmental agency whose purpose was to provide loans for agricultural export industry, to do business as a commercial bank, to issue bank notes, and to serve as a depository for government funds."--Back cover.

Fund 164 Academic Books Sales Purchased 04/08/2019 76857 NEJ PHP 878.00 2019-04-261 2019-1-0252

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