Discover and read the best of Twitter Threads about #BattleofManila1945
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#TodayinHistory in 1882, Monte de Piedad y Caja de Ahorros (Mount of Piety and Savings Bank), one of the 1st banks in #PH is opened. The bank was the 1st in #PH to offer financial loans to the poor w/ moderate interest. (THREAD) 
Context: The bank of this nature began in Italy in 1462, initiated by Franciscans to provide safety net to the poor who wished to loan. The 1st Monte de Piedad in Spain was established in 1841. In 1880, Gov-Gen. Domingo Moriones y Murillo decreed its establishment in #PH.
At the time, w/ the end of the Galleon trade, the #PH economy had been diversifying. El Banco Español Filipino de Isabel II (now @TalktoBPI) was founded in 1851. Initial capital of Monte de Piedad was from Obras Pias (religious charitable foundations) via Casa de Misericordia.
#TodayinHistory in 1908, the University of the Philippines is established by virtue of Act No. 1870. The purpose of the institution is "to provide advanced instruction in literature, philosophy, the sciences, & arts, & to give professional and technical training." (THREAD) 🇵🇭
In 1908, U.P. had only 67 students, & started off w/ only 3 colleges—College of Fine Arts, College of Liberal Arts, and the College of Medicine & Surgery, which now compromised the core buildings of today's @UPManilaOnline. The number of enrollees grew.
Rafael Palma (1874-1939), brother to the national anthem's lyricist, journalist, and education advocate, became UP's fourth President, and the first Filipino to hold the post. He strengthened the academic freedom in the institution.
