Herbert Adams Gibbons
In the early 1930s, Gibbons argued that an American withdrawal from the Philippines would be futile, because Japan would immediately colonize the country if the United States were to pull out. In 1931, in a speech in Manila, Gibbons referred to the Philippine calls for independence as "claptrap." He said that if the United States were to withdraw, then it might as well negotiate with the League of Nations to hand the Philippines over to Japan as a mandate. The American business community roundly praised Gibbons' speech. However, Philippine nationalist leaders attacked Gibbons, saying that he was raising the "Japanese bogy" as a hurdle to Philippine independence. (Ultimately, the United States did not grant Philippine independence until 1946, after Japan was no longer a military threat to the former colony.)
Diosdado Macapagal
As President, Macapagal worked to suppress graft and corruption and to stimulate the Philippine economy. He introduced the country's first land reform law, placed the peso on the free currency exchange market, and liberalized foreign exchange and import controls. Many of his reforms, however, were crippled by a Congress dominated by the rival Nacionalista Party. He is also known for shifting the country's observance of Independence Day from July 4 to June 12, commemorating the day President Emilio Aguinaldo unilaterally declared the independence of the First Philippine Republic from the Spanish Empire in 1898. He stood for re-election in 1965, and was defeated by Ferdinand Marcos, who subsequently ruled for 21 years.