Editing Commonwealth of the Philippines (section)

== Economy ==
The cash economy of the Commonwealth was mostly agriculture-based. Products included abaca, coconuts and coconut oil, sugar, and timber.<ref name="filipinas library" /> Numerous other crops and livestock were grown for local consumption by the Filipino people. Other sources for foreign income included the spin-off from money spent at American military bases on the Philippines such as the naval base at [[Subic Bay]] and [[Clark Air Base]] (with U.S. Army airplanes there as early as 1919), both on the island of [[Luzon]].{{citation needed|date=November 2020}}

The performance of the economy was initially good despite challenges from various agrarian uprisings. Taxes collected from a robust coconut industry helped boost the economy by funding infrastructure and other development projects. However, growth was halted due to the outbreak of World War II.<ref name="filipinas library">{{cite web |title=American Colony and Philippine Commonwealth (1901–1941) |url=http://www.filipinaslibrary.org.ph/history/ |publisher=Filipinas Heritage Library |access-date=February 12, 2007 |archive-url=https://web.archive.org/web/20070129092523/http://www.filipinaslibrary.org.ph/history/ |archive-date=January 29, 2007}}</ref>