Manuel Roxas was the first president of the independent Third Philippine Republic after the country gained independence from the US in 1946. He faced many challenges as the country recovered from the devastation of WWII, including ruined farms and factories, bombed infrastructure, high unemployment, and a weakened education system. His policies focused on reviving the economy through increased production and employment, with assistance from US financial organizations. However, some of the agreements he signed, such as the Bell Trade Act and Parity Amendment, curtailed Philippine sovereignty by granting Americans equal rights to exploit the country's resources.
1 of 14
Downloaded 192 times
More Related Content
Manuel roxas
1. MANUEL ACUA ROXAS
(May 28, 1946 April 15, 1948)
Fifth President
First President of the
Independent Third
Republic
He was inaugurated on
July 4, 1946, the day the U.S.
Nacionalista (19191945) government
granted political Liberal Party (1945-
1948) independence to its colony.
2. CAUSE
WorldWar II just ended.
Farms and factories were
ruined.
Bombed roads and bridges.
80% of the school buildings
were ruined.
Some Filipinos patronized
American Gangsters
EFFECT
The country was paralyzed.
Commerce was
experiencing recession.
Transport efficiency was
down.
Weakened the educational
system.
There was a crime rate
hike.
3. Low Output Growth
Production became low because farms and factories were
ruined. Production of rice, sugar, coconuts, abaca, coconut oil,
cigars, tobacco, gold and chrome, and manganese and lumber
was put to a halt because of the destruction of manufacturing
facilities.
High Unemployment Rate
Because businesses were closing, there were no more jobs
available for people. Unemployment rates were rising at a fast
pace.
4. Education severely weakened
School buildings were destroyed and instruments to teach
children were obliterated.
Western Influences
Policies done by Roxas were highly influenced by US officials.
These policies mostly benefited the welfare of their country.
Because of these influences allowed by the former president,
the HUKBALAHAP movement still created immense riot and
commotion in the country.
5. Economically, he wants to concentrate on production. He
wants an income from exports to buy machines, hire
technically skilled people, and buy food. He wants to revive
the production of rice, sugar, coconuts, abaca, coconut oil,
cigars, tobacco, gold and chrome, and manganese and
lumber.
For employment, he wants to give encouragement to
Filipinos to participate in the new economy.
6. He believes that the foundation stone of
national rehabilitation can be achieved by:
feeding the hungry
healing the sick
caring for widows and orphans
waging war against inflation and
unemployment (by increasing higher wages
and production)
7. He wants assistance from America and believes
that the United States is the source of most
finances of all these organizations.
International Monetary and Rehabilitation
Bank
United Nations Relief and Rehabilitation
Administration (for financial aid)
8. A new tenacy law will take effect and usury
will be halted.
Lands will be purchased by the Government and resold to
tenants; new agricultural areas will be opened to settlement and
modern method of agriculture will be taught. It is his aim to raise
the status of the farm worker, to increase his earnings, to spread
wide the benefits of modern technology. (Roxas, 1946)
9. In 1946, the US congress offered 800 million
dollars as rehabilitation money in exchange
for the ratification of the BellTrade Act.
BellTrade Act
The Philippine peso followed the US dollar currency.
U.S. citizens and corporations were granted equal
access to the natural resources of the country.
a curtailment of Philippine sovereignty, virtual nullification of Philippine
independence (1946, OSMEA)
10. March 14, 1947 -TheTreaty of General
Relations was signed.
Treaty of General Relations
The proclamation of Philippine independence
written by Pres. HarryTruman was read by Paul
McNutt.
an agreement on peace and amity between
the US and the Philippines.
11. January 28, 1948 - GeneralAmnesty was
given to all those arrested for conniving with
Japan.
March 11, 1947 - Parity Amendment was
ratified.
Parity Amendment
It gave American citizens and corporations equal rights to
Filipinos to utilize natural resources and operate public utilities.
12. TheTreaty of General Relations
Both countries benefited
Americans surrendered their rule over the
country
Military Bases Agreement became
advantageous to the Americans. It allowed
them to have US military bases in the
country. 23 of those bases were leased for 99
years which means that they can leave the
Philippine soil only by 2045.
13. General Amnesty
Guerillas and people who served in key
positions during the Japanese occupation
may be reinstated in the government.
BellTrade Act (Parity Amendment)
As mentioned, Americans were given equal
rights as Filipinos to exploit the countrys
natural resources.