Philippines Economy and Recovery After World War II (1946-1949)

The Aftermath of World War II (1946-1949) 

Philippine Economy (POST-WAR)

  • Approximately P40 billion invested to re-construct physical capital
  • Struggle to rebuild.
  • Foreign aid flowing, $803 million from the US (debt).

Philippine Rehabilitation Act of Tydings Act

  • On April 30, 1946, the Philippine Rehabilitation or the Tydings Act of 1946, passed by the US Congress, was approved by the US President.
  • Act created the US Philippine War Damage Commission.
  • Authorized it to expend a total of $400,000,000 in payment of private war-damage claims and another $120,000,000 for the restoration of public property.
  • Provided for the transfer of $100,000,000 surplus property of the United States to the Philippines.

Bell Trade Act

  • prohibited Philippines from protecting new industries, manufacturing or selling products that may be in competition with US goods.
  • no import duties for US products
  • pegging of peso to dollar at P2:$1 rate.
  • Parity Clause allowing US citizens and corporations access to natural resources and operation of public utilities. 

Executive Order No. 94

  • On October 4, 1947, obtained surplus equipment and supplies from the Surplus Property Commission.
  • The Government Telephone Service, inaugurated on January 15, 1949, obtained practically all its equipment from the surplus.
  • The Commission, headed by Frank A. Waring as its chairman, completed their final report in 1951 and disbanded.

References of:

  • Prewar
  • World War 2 and the Japanese Occupation in the Philippines
  • End of World War 2
  • The Aftermath of World War II (1946-1949)

America’s Library (n.d). The Japanese Attacked Pearl Harbor. Retrieved from
Constantino, R. (n.d). The Philippines: The Continuing Past. (n.d). Brief History – Corregidor Island. Retrieved from
David, F. (n.d). Economic Perspective: 1945-1968.

Executive Order No. 94, s. (October 1947). Reorganizing the different  executive departments. Retrieved from s-1947/ (1942). The Bataan Death March – EyeWitness to    History. Retrieved from (2009). The Tripartite Pact. Retrieved from day-in-history/the-tripartite-pact-is-signed-by-germany-italy-and-japan (2010). MacArthur Returns. Retrieved From day-in-history/macarthur-returns. (2009). Bombing of Hiroshima and NagasNational Museum of     American Historyaki. Retrieved from  and-nagasaki

National Museum of American History (n.d). The Japanese surrender onboard the U.S.S. Missouri in Tokyo Bay. Retrieved from (n.d). Japanese Occupation of the Philippines.  Retrieved from     occupation.htm

Quezon Family Collections (1941). Proclamation Making Manila an Open City. retrieved from making-     manila-an-open-city-december-26-1941/

Unknown Author (n.d). 70th Anniversary Of The Battle Of Manila. Retrieved from

Tags : Philippine History
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