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CENTRAL MINDANAO UNIVERSITY UNDERGRADUATE ACCOUNTANCY PROGRAM MUSUAN BUKIDNON In partial(p) fulfilment of the requirements in Finance 21 Introduction in line of business and Finance submitted to the College of Comerce and Accountancy. Submitted to: Gino B. Gaco Submitted by: Jose Gabrielle Q. Militante September 25, 2009 Synthesis write up of Banko Sentral ng Pilipinas Authored by: Jose Gabrielle Q. Militante I - Introduction: In 1900, the maneuver start Filipino Commission passed exercise No. 52, which determined entirely banks under the post of the Treasury and authorizing the Insular financial officer to manage and examine banks and all banking activity. In 1929, the Department of Finance, through the Bureau of Banking, took over bank supervision. By 1933, a conference of Filipinos had conceptualized a central bank for the Philippines. It came up with the rudiments of a pecker for the doment of a central ban k after a careful study of the economic provisions of the Hare-Hawes-Cutting Act, which would establish Philippine independence after 12 years, but reserving soldiery and nautical bases for the United States and imposing tariffs and quotas on Philippine exports.

However, the Hare-Hawes-Cutting Act would be rejected by the Senate of the Philippines at the urging of Manuel L. Quezon. This Senate and so advocated a new bill that won President Franklin D. Roosevelts support, this would be the Tydings-McDuffie Act, which would grant Philippine independence on July 4, 1946. In 1939, as indispensable by the Tydings-Mc Duffie Act, the Philippine legislature passe! d a justness establishing a central bank. As it was a monetary law, it unavoidable the praise of the United States president; Roosevelt did not give his. A southward law was passed in 1944, during the Japanese occupation, but the stretch of the American liberation forces aborted its implementation. Shortly after President Manuel Roxas sour mail in 1946, he instructed Finance Secretary Miguel Cuaderno, Sr....If you want to make for a full essay, order it on our website: BestEssayCheap.com

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