If you put spanish american war cost in a google search you will find your answer almost immediately. Here’s one of many, many links…

http://www.loc.gov/rr/hispanic/1898/intro.html

It depends on what kind of collapse…If it’s a head on depression or just a hiccup of a recession. Either way, the Philippines (like any other nation) is heavily dependent on the United States. Look what happened when the apparent recession hit the Dow, when it fell, the pse fell…hard, up to now stocks couldn’t recover because of all the internal and external factors. The external factors are heavily influenced by the states, for example, assuming it reaches a point of depression, it would cease importation of both goods and immigrants, thus we loose our biggest trading partner and one of the biggest sources of the remitances that now form a substantial part of the economy… I think we’d be heading nowhere so quickly we wouldn’t even notice that our economy had already collapsed… I mean we haven’t even recovered fully since the 1997 financial crisis…(I think) The U.S collapse would bring a collapse of the world economy… If the U.S economy would collapse…that is