Modern Currency Reforms a History And Discussion of Recent Currency Reforms in

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296-98. 3 Cf. Infra, pp. 220-22. * Cf. Infra, pp. 430-32.
212 THE PORTO RICAN CURRENCY REFORM OF 1899-1900 to the foreign importer. On the other hand, by placing sums of larger gold value in the hands of the laborers, the canje may have tended to enhance slightly the demands for the imported articles they consumed. 1 There were so many other forces coming into operation at this time, how- ever, that it is utterly impossible to disentangle their in- fluences from that of the canje, and to assign
... to any one of them its proportionate importance. For example, the entire economic life of the Island was being revolutionized through the disruption of long-established Spanish connec- tions and the establishment of a new insular government and new relations with the United States. The Act of April 12, 1900 substituted for the tariff laws of Spain those of the United States, and established duties of 1 5 per cent of the Dingley tariff rates on all merchandise passing between Porto Rico and the United States.

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