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Why Did President McKinley Explain America's Conquest of the Philippines

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Why did President McKinley explain America's conquest of the Philippines as being motivated by the desire to "educate the Filipinos, and uplift and civilize and Christianize them"? How did this approach differ from the European reasons for colonialism?

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Present Value

The determination of today's monetary value for a future cash sum or succession of cash flows, applying a chosen rate of return.

Interest Rate

The portion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

Years From Now

A phrase referring to an unspecified point in the future, measured from the current date.

Interest Rate

The cost of borrowing money, usually expressed as a percentage of the total amount loaned.

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