11 Questions
Who succeeded Ramon Magsaysay as the President of the Philippines?
Carlos P. Garcia
What was the primary goal of the Filipino First Policy implemented by Carlos P. Garcia?
To limit foreign influence and promote Filipino interests
What was established by Diosdado Macapagal to regulate the country's monetary policy?
Central Bank of the Philippines
What was the primary driver of the Philippines' economic growth during the Third Republic?
Post-war reconstruction efforts
What was established by the government to promote economic development?
National Economic Council (NEC) and Philippine Economic Development Authority (PEDA)
What was a significant portion of the country's GDP attributed to during the Third Republic?
Agricultural sector
Who assumed the presidency after the death of Manuel Roxas?
Elpidio Quirino
What economic policy was implemented by Elpidio Quirino?
Bell Trade Act
What was the main focus of Ramon Magsaysay's presidency?
Anti-communist stance and combating the Hukbalahap rebellion
What happened to Ramon Magsaysay?
He died in a plane crash
Which president is not mentioned in the passage?
Diosdado Macapagal
Study Notes
Presidents of the Third Philippine Republic
Elpidio Quirino (1948-1953)
- 6th President of the Philippines
- Assumed presidency after the death of Manuel Roxas
- Faced challenges of post-war reconstruction and rehabilitation
- Established the Bell Trade Act, which provided for free trade between the Philippines and the United States
- Implemented the Quirino-Foster Agreement, which granted the US a 99-year lease on military bases in the Philippines
Ramon Magsaysay (1953-1957)
- 7th President of the Philippines
- Known for his anti-communist stance and efforts to combat the Hukbalahap rebellion
- Implemented the Agricultural Marketing Act, which helped improve the country's agricultural sector
- Established the National Resettlement and Rehabilitation Administration (NARRA) to resettle and rehabilitate rebel surrenderees
- Died in a plane crash on March 17, 1957
Carlos P. Garcia (1957-1961)
- 8th President of the Philippines
- Succeeded Ramon Magsaysay and continued his anti-communist policies
- Implemented the Filipino First Policy, which aimed to promote Filipino interests and limit foreign influence
- Established the Philippine Veterans Bank to provide financial assistance to Filipino veterans
- Faced opposition from the Liberal Party and was eventually defeated by Diosdado Macapagal in the 1961 elections
Diosdado Macapagal (1961-1965)
- 9th President of the Philippines
- Implemented a number of economic reforms, including the devaluation of the Philippine peso
- Established the Central Bank of the Philippines to regulate the country's monetary policy
- Promoted the adoption of a Filipino national identity and culture
- Faced opposition from Ferdinand Marcos and was eventually defeated in the 1965 elections
Economic Policies
- The Third Philippine Republic was marked by a period of economic growth and development, driven by the country's post-war reconstruction efforts
- The government implemented a number of policies to promote economic development, including the establishment of the National Economic Council (NEC) and the Philippine Economic Development Authority (PEDA)
- The country's economy was heavily dependent on agriculture, with the agricultural sector accounting for a significant portion of the country's GDP
- The government also implemented policies to promote industrialization, including the establishment of the Philippine National Bank (PNB) and the Development Bank of the Philippines (DBP)
Learn about the presidents of the Third Philippine Republic, including Elpidio Quirino, Ramon Magsaysay, Carlos P. Garcia, and Diosdado Macapagal, and their economic policies during the post-war reconstruction period.
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