Diosdado

What did President García declare in a major speech in 1960 regarding the control of the economy by aliens?

• It makes a mockery of independence and robs it of substance and meaning.

• It is necessary for aliens to have a dominant participation in the national economy.

• Foreign capital should be completely banned from the Philippines.

• The economy should be controlled by the U.S. government.

What percentage of foreign exchange allocations did Filipinos secure by the end of 1959?

• 75%

• 100%

• 25%

• 51%

Which company challenged the dominance of U.S. and other foreign oil companies in the industrial sector?

• Iligan Integrated Steel Mill, Inc.

• Filipino Oil Refining Company

• Manila Electric Company

• Filipino Steel Corporation

Who won the 1961 elections by a substantial margin against President García?

• Claro M. Recto

• Emmanuel Pelaez

• Diosdado Macapagal

• José Yulo

What was one of President Macapagal's first acts after winning the 1961 elections?

• Implementing stricter foreign exchange controls

• Increasing government credit to local industries

• Implementing decontrol of foreign-exchange allocations

• Nationalizing all foreign-owned companies

What did the devaluation of the peso during Macapagal's tenure result in?

• Increase in foreign investment attractiveness

• Increase in the value of the peso

• Increase in local industry profits

• Decrease in foreign investments

What law did President Macapagal enact in 1963 to address land reform?

• Foreign Investment Regulation Law

• Industrial Development Act

• Labor Rights Protection Act

• Agricultural Land Reform Code

Which historical event did President Macapagal recognize by declaring June 12 as Independence Day?

• Aguinaldo's 1898 proclamation of independence

• Japanese Occupation Day

• Spanish Colonization Day

• Philippine-American Friendship Day

What slogan did the Macapagal administration use to encourage completing a historical event?

• Reject Nationalism

• Finish the Unfinished Revolution

• Revive the Colonial Past

• Embrace Foreign Influence

What was one of the consequences of the decontrol of foreign exchange allocations during Macapagal's tenure?

• Increase in government spending

• Decrease in foreign reserves

• Increase in local industry profits

• Decrease in foreign investments