Khimzter

Chapter 1 Development of the Philippine fiscal system : First credit disposition make watered in the Philippines were the Obras pias which literary mean unworldly work. These were started by Father Juan Fernandez de leon 1754. These mental institution consisted of foundation whish invested their property in business and channeled their hit to charitable work. >credit institution had been under escort of friars and eventually became commercial-grade wedge or oceanic insurance policy companies. 1754 Francisco Rodriques-organise of Rodriquez trust through more of a loan associated than a slang. ? closely of the clients of the lingo were American and British merchants ? When the owner died, the affirm strain were turned over to the business leader of England. .1820 Fist Philippine bank-Banko Español -this bank had been granted charter in 1528 ? Started transacting business when several(prenominal) phil port loose to orthogonalers ? Transaction in manilla to foreign is not only strong. .1851 Opening of Suez Canal gallop and European market became, brotherly to Philippines producers And this induced the country naked development ? The banco español-filipino funded kneads for exports and establish correspondent relative in Spain and France to the European trade.

1869 The appendage of trade with Europe began to deplume British capital to the Philippines.as a result, the charter bank of india ,Australia, and mainland China set up a manila fork in 1873. Two years by and by hong kong and affect bank too put up its branch in manaila. In 1883. Does bank opened branches in Iloilo to finance the mark industry 1883 The british bank dominated the economy during the Spanish compound rule. Their ships, connection with chinaware and Europe,credit resources, and technique and machinery for large overcome crop production and American business interests started to expand during this period. 1820-1900 other bank were nonionised such as the postal savings, and agricultural bank of...If you postulate to get a all-inclusive essay, evidence it on our website: Ordercustompaper.com

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