Manuel Roxas, He was inaugurated as the first president of the independent Third Republic of the Philippines on July 4, 1946., Republic Act No. 34, This law under Roxas fixed a 70–30 tenancy sharing scheme in favor of tenants., Elpidio Quirino, He succeeded Roxas after his sudden death in 1948 and became the second president of the Third Republic., Philippine Rehabilitation Act, This act provided U.S. funds for postwar reconstruction, including war damage claims and infrastructure rebuilding., Bell Trade Act, This trade law, passed in 1946, tied the Philippine economy to the U.S. by granting “parity rights” to American citizens and corporations..

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