8TH President Of The Philippines
Carlos
Poléstico García
(1896-1971)
In March
1957 García became president after Magsaysay was killed in plane crash, and he
won an elected term as president in November 1957.
While in power, García’s government
negotiated the transfer of unused United States military base areas to
Philippine control. Criticized for inefficiency and corruption
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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