Battle of Manila that falsely showed to the world that it is the Bald Eagle soldiers and not the Philippine force that have defeated the colonial Spaniards in the Southeast Asian archipelago.1898 - The fledgling Philippine Republic is authorized to issue paper money in the amount of three million pesos, redeemable in three years; the authorization is issued by the Malolos Congress that opened in September this year amidst Gen. Emilio F. Aguinaldo's earlier Declaration of Philippine Independence and imperialist American posturing to invade the new Southeast Asian nation; the Aguinaldo government will issue peso banknotes with the text "Republica Filipina Papel Moneda de Un Peso" on obverse, along with copper coins.
Photo credit: http://philmoney.blogspot.com/search/label/revolutionary%20period
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