1. Philippines
... depended on the exchange of New Spain's (now Mexico) silver for silk from China. Chinese capitalists immigrants produced mestizos and helped produce a distinctive new culture (Republic of the Philippines 5). In the 1700s, the empire of Spain crumbled. Open trade was available and led to the emergence of a local wealthy ... to the United States for the sum of US$20 million. The Treaty of Paris was not well received in the Philippines. Filipino nationalists were incensed at the arrogance of the imperial powers to bargain away their independence for the tidy price of US$20 million with ... ...
- Word Count: 1895
- Approx Pages: 8
- Has Bibliography
- Grade Level: High School