Carlos P. Garcia

:For the municipality named after the president, see Pres. Carlos P. Garcia, Bohol.

Presidency

He assumed the presidency after Magsaysay died in a plane crash in 1957.

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During his administration, he acted on the Bohlen Serrano Agreement which shortened the lease of the US Bases from 99 years to 25 years and made it renewable after every five years. He also exercised the Filipino First Policy, for which he was known. This policy heavily favored Filipino businessmen over foreign investors. He was also responsible for changes in retail trade which greatly affected the Chinese businessmen in the country.

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At the end of his term, he ran for re-election but was defeated by Diosdado Macapagal in November 1961.

Related Topics:
Diosdado Macapagal - 1961

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