M1

Question 1

• First Pressident of the First Philippine Republic
• Revolutionary leader
• Led the Filipinos during war
• The newly established republic faced immense challanges in building its economy
• Entrepreneural activities was likely focused on survival and basic necessities .

Answer 1

EMILIO AGUINALDO

Question 2

Emilio Agunaldo’s Stablishment of Government Departments

Answer 2

1. Department of Navy
2. Department of Commerence
3. Department of Agriculture and Manufacturing

Question 3

Aguinaldo’s National Loan For Economic Stability

Answer 3

National loan of 20 million pesos repayable for 40 years 6% annual interest rate

Question 4

Aguinaldo’s Issuance of National Currency

Answer 4

• Introduced banknotes in denomination of 1, 2, 5, 10, 20, 25, 50 and 100 pesos.
• Minted 2 centavo copper coin to facilitate trade and commerence.

Question 5

Aguinaldo’s Challanges Due to Conflict

Answer 5

1. Philippine - American War
2. Disrupted economic activities
3. Obstructed growth of local industries and entrepreneurship

Question 6

• Second President of the First Philippine Republic
• First Pressident of the Commonwealth of the Philippines
• Key figure on the country’ s path to independence
• Focus on nation - building and economic development
• Promoting industrialization and diversification of the economy
• Entrepreneur began to take shape with focus on local industries and import substitution

Answer 6

MANUEL L QUEZON

Question 7

Quezon’s Promoting on economic protectionism

Answer 7

Implementing policies favoring Filipino entrepreneurs

Question 8

• Establishment of National Economic Council
• Advice on economic and financial matters

Answer 8

• Industrial promotion
• Investment strategies
• Entrepreneurship development

Question 9

• Who enacted laws establishing a minimum wage, an 8 hours workday.
• Tenency reforms to protect farmers

Answer 9

MANUEL L QUEZON

Question 10

Quezon’s Infrastructure Development

Answer 10

1. Road
2. Bridge
3. Public market

Question 11

Emilio Aguinaldo and Manuel Quezon Era

Answer 11

1. Early stages on nation building
2. Focus on establishing political and economical institution
3. Limited industrial development
4. Agricultural economy
5. Entrepreneurship was likely focus on agriculture, trade, and small scale manufacturing

Question 12

Major Shift in Economy During Aguinaldo and Quezon

Answer 12

Spanish Colonial Rule:
Grappling on challenges of independence

American Influence:
Introduction of modern business practices and infrastructure

Question 13

Mushrooming business during Emilio Aguinaldo and Manuel Quezon

Answer 13

1. Growth in agricultural exportation oriented businesses
2. nascent domestic trade