Commonwealth of the Philippines
After the War in the Philippines the Commonwealth was restored and a one-year transitional period in preparation for independence began. Elections followed in April 1946 with Manuel Roxas winning as the first president of the independent Republic of the Philippines and Elpidio Quirino winning as vice-president. In spite of the years of Japanese occupation, the Philippines became independent exactly as scheduled a decade before, on July 4, 1946.
Treaty of Manila (1946)
The Commonwealth ended when the U.S. recognized Philippine independence through the Treaty of Manila on July 4, 1946, as scheduled per the Tyding-McDuffie Act and Article XVIII of the 1935 Constitution. However, the economy remained dependent on the U.S. This was due to the Bell Trade Act, otherwise known as the Philippine Trade Act, which was a precondition for receiving war rehabilitation grants from the United States.