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The Bell Trade Act of 1946, also known as the Philippine Trade Act, was an act passed by the United States Congress specifying policy governing trade between the Philippines and the United States following independence of the Philippines from the United States.
This amendment, demanded by the Philippine Trade Relations Act or the Bell Trade Act, [50] would give American citizens and industries the right to utilize the country's natural resources in return for rehabilitation support from the United States. The President, with the approval of Congress, proposed this move to the nation through a plebiscite.
The United States federal government nearly considered selling Mindanao to the German Empire in 1910. [15] Except for the brief interruption of the Japanese occupation between 1942 and 1945, the United States ruled the Philippines from 1898 to 1946, after which, the Philippines was granted independence after being devastated by the Second World ...
After the World War II Japanese invasion in 1941 and subsequent occupation of the Philippines, the United States and Philippine Commonwealth military completed the recapture of the Philippines after Japan's surrender and spent nearly a year dealing with Japanese troops who were not aware of the war's end, [3] leading up to U.S. recognition of ...
The history of the Philippines dates from the earliest hominin activity in the archipelago at least by 709,000 years ago. [1] Homo luzonensis, a species of archaic humans, was present on the island of Luzon [2] [3] at least by 134,000 years ago. [4] The earliest known anatomically modern human was from Tabon Caves in Palawan dating about 47,000 ...
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [31] In 2025, the Philippine economy is estimated to be at ₱29.66 trillion ($507.6 billion), making it the world's 31st largest by nominal GDP and 11th largest in Asia according to the International Monetary Fund.
Benevolent assimilation refers to a policy of the United States towards the Philippines as described in a proclamation by US president William McKinley that was issued in a memorandum to the U.S. Secretary of War on December 21, 1898, after the signing of the Treaty of Paris, which ended the Spanish–American War. [1]
In the Philippines, monetary policy is the way the central bank, the Bangko Sentral ng Pilipinas, controls the supply and availability of money, the cost of money, and the rate of interest. With fiscal policy (government spending and taxes), monetary policy allows the government to influence the economy, control inflation, and stabilize currency.