Nagano, Yoshiko

State and finance in the Philippines, 1898-1941 : the mismanagement of an American colony / Yoshiko Nagano. - Quezon City : Ateneo de Manila University Press, c2015. - xiii, 248 pages : illustrations, map ; 23 cm

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 Osmeņa 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.

9789715507035


Philippine National Bank--History


Money--History--Philippines
Banks and banking--History--Philippines

HG1264 / N13 2015