Manuel            Roxas became the first president of the Republic of the Philippines            when independence was granted, as scheduled, on July 4, 1946. In Mar.,            1947, the Philippines and the United States signed a military assistance            pact (since renewed) and the Philippines gave the United States a 99-year            lease on designated military, naval, and air bases (a later agreement            reduced the period to 25 years beginning 1967). The sudden death of            President Roxas in Apr., 1948, elevated the vice president, Elpidio            Quirino, to the presidency, and in a bitterly contested election in            Nov., 1949, Quirino defeated José Laurel to win a four-year term of            his own.          
The enormous task of reconstructing the war-torn country was complicated            by the activities in central Luzon of the Communist-dominated Hukbalahap            guerrillas (Huks), who resorted to terror and violence in their efforts            to achieve land reform and gain political power. They were finally brought            under control (1954) after a vigorous attack launched by the minister            of national defense, Ramón Magsaysay. By that time Magsaysay was president            of the country, having defeated Quirino in Nov., 1953. He had promised            sweeping economic changes, and he did make progress in land reform,            opening new settlements outside crowded Luzon island. His death in an            airplane crash in Mar., 1957, was a serious blow to national morale.            Vice President Carlos P. García succeeded him and won a full term as            president in the elections of Nov., 1957.
In foreign affairs, the Philippines maintained a firm anti-Communist            policy and joined the Southeast Asia Treaty Organization in 1954. There            were difficulties with the United States over American military installations            in the islands, and, despite formal recognition (1956) of full Philippine            sovereignty over these bases, tensions increased until some of the bases            were dismantled (1959) and the 99-year lease period was reduced. The            United States rejected Philippine financial claims and proposed trade            revisions. 
Philippine opposition to García on issues of government corruption            and anti-Americanism led, in June, 1959, to the union of the Liberal            and Progressive parties, led by Vice President Diosdado Macapagal, the            Liberal party leader, who succeeded García as president in the 1961            elections. Macapagal’s administration was marked by efforts to combat            the mounting inflation that had plagued the republic since its birth;            by attempted alliances with neighboring countries; and by a territorial            dispute with Britain over North Borneo (later Sabah), which Macapagal            claimed had been leased and not sold to the British North Borneo Company            in 1878.
Source: The Columbia Encyclopedia, Sixth Edition. 2001-05.
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