PRESIDENCY (1957-1961) * At the time of the sudden death of President Ramon Magsaysay, Vice President and Foreign Affairs Secretary Carlos P. García completed Magsaysay’s unexpired term for 8 months and won the Presidential election on November 1957 over Jose Yulo. Chief Justice Ricardo Paras of the Supreme Court was at hand to administer Garcia’s oath of office. * He signed a bill outlawing the Communist Party of the Philippines (which aims to overthrow the Philippine government through armed revolution with its direct leadership over the NPA and NDF), the Republic Act 1700 on June 19, 1957. * Filipino First Policy. This policy heavily favored Filipino businessmen over foreign investors. The important objective was to make the Filipinos first and supreme in the national economic household of the Philippines. This also aimed at encouraging the people to patronize Philippine-made products and promoting Filipino labor. * Austerity Program. He defined it as “temperate spending”. The program aims to complete economic freedom and to no longer tolerate the dominance of foreign interests (especially American) in the national economy. He promised to shake off "the yoke of alien domination in business, trade, commerce and industry." * Bohlen–Serrano Agreement. It shortened the lease of the US Bases from 99 years to 25 years and made it renewable after every five years. * Garcia was also credited with his role in reviving Filipino cultural arts through encouraging Filipino historians to pursue intensive researches in the Phil. arts. * He urged the Filipinos to
PRESIDENCY (1957-1961) * At the time of the sudden death of President Ramon Magsaysay, Vice President and Foreign Affairs Secretary Carlos P. García completed Magsaysay’s unexpired term for 8 months and won the Presidential election on November 1957 over Jose Yulo. Chief Justice Ricardo Paras of the Supreme Court was at hand to administer Garcia’s oath of office. * He signed a bill outlawing the Communist Party of the Philippines (which aims to overthrow the Philippine government through armed revolution with its direct leadership over the NPA and NDF), the Republic Act 1700 on June 19, 1957. * Filipino First Policy. This policy heavily favored Filipino businessmen over foreign investors. The important objective was to make the Filipinos first and supreme in the national economic household of the Philippines. This also aimed at encouraging the people to patronize Philippine-made products and promoting Filipino labor. * Austerity Program. He defined it as “temperate spending”. The program aims to complete economic freedom and to no longer tolerate the dominance of foreign interests (especially American) in the national economy. He promised to shake off "the yoke of alien domination in business, trade, commerce and industry." * Bohlen–Serrano Agreement. It shortened the lease of the US Bases from 99 years to 25 years and made it renewable after every five years. * Garcia was also credited with his role in reviving Filipino cultural arts through encouraging Filipino historians to pursue intensive researches in the Phil. arts. * He urged the Filipinos to