Answer: During the 19th century, the Philippines’ economic condition gave rise to Haciendas or the “cash-crop economy”. Where large parts of lands would be used for crops considered as cash-crop. Some cash-crops are: Sugar, Tobacco, Abaca, and Coffee. Being open to world trade and having these products abundant in the Philippines, the Philippines became a major exporter for these products and became well-known in other parts of the world.
