Napaka-sigla ng economy ng Pilipinas, biruin nyo 2 pesos to 1 dollar ang exchange rate noon! The pre-war Philippine economy was primarily defined by its "special relationship" with the United States, established through free trade acts like the Payne-Aldrich and Underwood-Simmons Acts. This colonial arrangement allowed Philippine raw materials to enter the U.S. market duty-free, leading to an explosion in the agricultural sector centered on the "Big Four" exports: sugar, coconut, abaca (Manila h

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Did you know: though the United States dollar was officially adopted in 1785, paper currency didn't fully enter circulation until the Civil War. | Weird History