Philippine financial standing in 1921: The first World War boom and bust

• Main Author: Ybiernas, Vicente Angel S.
• Format: text
• Published: Animo Repository 2007
• Subjects: Financial crises > Philippines; Cash crops > Philippines; Philippines > Economic conditions; Francis Burton Harrison, 1873-1957; Economic History
• Online Access: https://animorepository.dlsu.edu.ph/faculty_research/13408
• Institution: De La Salle University

After the end of the First World War in 1918, when American consumers adopted the policy of “economic normalcy,” the Philippine economy suffered a severe financial crisis. Gov.-Gen. Francis Burton Harrison (1913–1921) maintained that this crisis was beyond the control of any person or government. Hi...