Diosdado Macapagal
Diosdado Macapagal
ABSTRACT Diosdado P. Macapagal, fifth president of the Philippine Republic and known as "Champion of the Common Man" .He is the President who introduced the first tentative land reform law in the Philippines. Macapagal first won election in 1949 to the House of Representatives from his home province, Pampanga, north of Manila. In 1957, he became vice president in the administration of Carlos P. Garcia, whom he defeated in 1961 for the presidency.As chief executive, Mr. Macapagal yielded to pressure from the International Monetary Fund and liberalized foreign exchange and import controls. He also devaluated the peso in an effort to stimulate the sagging economy by increasing sugar exports. But domestic manufacturers were hurt by the devaluation, and unemployment rose. Highlights of Macapagal's administration were: (1) initial beautification of Rizal Park; (2) development in 1964 of "Miracle"(IR-8 variety) rice by the International Rice Research Institute, which Macapagal inaugurated on 7 February 1962; (3) commencement of construction of the North Diversion Highway and the South Expressway; (4) construction of four 7-storey tenement buildings for the poor;(5) sale of PHHC houses to AFP enlisted men and officers, and other government employees; (7) establishment of the Private Development Corporation , the NACIDA, the NACIDA Bank, the Philippine Veterans Bank, the National Commission of Culture, the Bataan Munitions Plant, and the Asian Development Bank in Manila; (8) enactment of Rep. Act 4155 prescribing realistic solutions to PVTA's financing, marketing, and stock disposal problems, thus preventing untimely collapse of the local flue-cured tobacco industry; (9) promotion of or assistance to the Iligan Steel Mills, the Manila Hilton, Hotel Savoy Philippines, Paper Industries Corporation, Esso Fertilizer Plant, Dole Pineapple Plant, Elizalde Tin Plate, Surigao ferro-nickle mines, and
ABSTRACT Diosdado P. Macapagal, fifth president of the Philippine Republic and known as "Champion of the Common Man" .He is the President who introduced the first tentative land reform law in the Philippines. Macapagal first won election in 1949 to the House of Representatives from his home province, Pampanga, north of Manila. In 1957, he became vice president in the administration of Carlos P. Garcia, whom he defeated in 1961 for the presidency.As chief executive, Mr. Macapagal yielded to pressure from the International Monetary Fund and liberalized foreign exchange and import controls. He also devaluated the peso in an effort to stimulate the sagging economy by increasing sugar exports. But domestic manufacturers were hurt by the devaluation, and unemployment rose. Highlights of Macapagal's administration were: (1) initial beautification of Rizal Park; (2) development in 1964 of "Miracle"(IR-8 variety) rice by the International Rice Research Institute, which Macapagal inaugurated on 7 February 1962; (3) commencement of construction of the North Diversion Highway and the South Expressway; (4) construction of four 7-storey tenement buildings for the poor;(5) sale of PHHC houses to AFP enlisted men and officers, and other government employees; (7) establishment of the Private Development Corporation , the NACIDA, the NACIDA Bank, the Philippine Veterans Bank, the National Commission of Culture, the Bataan Munitions Plant, and the Asian Development Bank in Manila; (8) enactment of Rep. Act 4155 prescribing realistic solutions to PVTA's financing, marketing, and stock disposal problems, thus preventing untimely collapse of the local flue-cured tobacco industry; (9) promotion of or assistance to the Iligan Steel Mills, the Manila Hilton, Hotel Savoy Philippines, Paper Industries Corporation, Esso Fertilizer Plant, Dole Pineapple Plant, Elizalde Tin Plate, Surigao ferro-nickle mines, and
Bibliography: Macapagal,Diosdado P.(1968)A Stone for the Edifice(Self-published) Reynolds,Quintin and Bocca,Beoffrey(1965)Macapagal The Incorruptible.New York,USA:David McKay Co. The Third Republic http://bloomspresidents.wordpress.com/diosdado-p-macapagal-1961-1965/ http://en.wikipedia.org/wiki/Diosdado_Macapagal#Domestic_policies http://www.macapagal.com/dm2/biography/bio2.html http://park.org/Philippines/government/presidents.htm http://www.macapagal.com/