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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:

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



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Constantino, R. (n.d). The Philippines: The Continuing Past.

Corregidorisland.com (n.d). Brief History – Corregidor Island. Retrieved from http://www.corregidorisland.com/history.html
David, F. (n.d). Economic Perspective: 1945-1968.

Executive Order No. 94, s. (October 1947). Reorganizing the different  executive departments. Retrieved from         http://www.officialgazette.gov.ph/1947/10/04/executive-order-no-94- s-1947/

Eyewitnesstohistory.com (1942). The Bataan Death March – EyeWitness to    History. Retrieved from    http://eyewitnesstohistory.com/bataandeathmarch.htm

History.com (2009). The Tripartite Pact. Retrieved from http://www.history.com/this- day-in-history/the-tripartite-pact-is-signed-by-germany-italy-and-japan

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History.com (2009). Bombing of Hiroshima and NagasNational Museum of     American Historyaki. Retrieved from     http://www.history.com/topics/world-war-ii/bombing-of-hiroshima-  and-nagasaki

National Museum of American History (n.d). The Japanese surrender onboard the U.S.S. Missouri in Tokyo Bay. Retrieved from         http://americanhistory.si.edu/collections/search/object/nmah_130340

Philippine-history.org (n.d). Japanese Occupation of the Philippines.  Retrieved from http://www.philippine-history.org/japanese-     occupation.htm

Quezon Family Collections (1941). Proclamation Making Manila an Open City. retrieved from     http://www.officialgazette.gov.ph/1941/12/26/proclamation- making-     manila-an-open-city-december-26-1941/

Unknown Author (n.d). 70th Anniversary Of The Battle Of Manila. Retrieved from http://www.officialgazette.gov.ph/featured/battle-of-manila/

Tags : Philippine History
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