Flooded with foreign coins: Spanish and American administrators dealing with currency problems in the Philippines, 1890-1905
@article{Wolters2001FloodedWF, title={Flooded with foreign coins: Spanish and American administrators dealing with currency problems in the Philippines, 1890-1905}, author={Willem G. Wolters}, journal={Bijdragen tot de Taal-, Land- en Volkenkunde}, year={2001}, volume={157}, pages={511-538} }
that the colonial state, like a business firm, had to be built up with the means by which it could produce itself. This entailed reforming the administrative system, balancing tax revenues with expenditures and streamlining the gov ernment apparatus. With the ongoing socioeconomic changes in society and the growth of commerce, government functions and thus expenditures increased. The expanding colonial state apparatus could no longer be staffed solely with foreigners; qualified local personnel…
One Citation
THE PHILIPPINE CURRENCY SYSTEM DURING THE AMERICAN COLONIAL PERIOD: TRANSFORMATION FROM THE GOLD EXCHANGE STANDARD TO THE DOLLAR EXCHANGE STANDARD*
- Economics, HistoryInternational Journal of Asian Studies
- 2010
This article describes the transformation of the Philippine currency system from a gold exchange standard to a dollar exchange standard during the first half of the twentieth century. During the…
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