The Bell Trade Act or the Philippine Trade Act of
1946 was approved by the Philippine Legislature during the term of
Pres. Manuel Roxas. The Act sponsored by Missouri Congressman Charles
Jasper Bell was passed by the U.S.
Congress and governed the granting of Philippine independence. It
controversially tied the Philippine economy to that of the United
States. An $800 million post-war fund was offered if the Act was
ratified. Pres. Sergio Osmeña called it a curtailment of Philippine
sovereignty, virtual nullification of Philippine Independence.”
Photo credit: http://en.wikipedia.org/
Photo credit: http://en.wikipedia.org/
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