M3S4

Question 1

It granted U.S. citizens and corporations
rights to Philippine natural resources equal
to (in parity with) those of Philippine
citizens, contrary to Article XIII in the 1935
Philippine Constitution, necessitating a
constitutional amendment.

Answer 1

parity right

Question 2

was an act passed by the United States Congress specifying policy
governing trade between the Philippines and the United States following
independence of the Philippines from the United States.

Answer 2

The Bell Trade Act of 1946, also known as the Philippine Trade
Act

Question 3

offered $800 million for post World War II rebuilding

funds if the Bell Trade Act was ratified by the Philippine Congress

Answer 3

The United

States Congress

Question 4

The Philippine Congress approved the measure on X, x days before independence from the United States of America, and
on September 18, 1946 approved a plebiscite to amend the Constitution
of the Philippines.

Answer 4

July 2

2

Question 5

author of the bell trade act

Answer 5

Missouri Congressman C. Jasper Bell

Question 6

Preferential tariffs on X imported into the Philippines

Answer 6

US products

Question 7

fixed exchange rate between the Philippine peso and the United
States dollar

Answer 7

2:1

Question 8

There were restrictions on currency transfers from the Philippines to the United
States;

Answer 8

false

Question 9

was seen by critics

as an inexcusable surrender of national sovereignty

Answer 9

The Bell Act, particularly the parity clause

Question 10

In X, the Laurel–Langley Agreement revised the Bell Trade

Act.

Answer 10

1955

Question 11

This treaty abolished the United States authority to control the
exchange rate of the peso, made parity privileges reciprocal,
extended the sugar quota, and extended the time period for the
reduction of other quotas and for the progressive application of
tariffs on Philippine goods exported to the United States.

Answer 11

Laurel–Langley Agreement

Question 12

As required by the Bell Trade Act, a plebiscite was held in the Philippines to
amend the Philippine Constitution to provide for “X” between American
and Philippine citizens.

Answer 12

parity rights

Question 13

Prior to the plebiscite, the Constitutional amendment had to be approved by
the Philippine Congress, which required a X vote by the Philippine House and
Philippine Senate

Answer 13

3/4

Question 14

The plebiscite was held on X

Answer 14

March 11, 1947

Question 15

X percent of voters participated in the plebiscite.

Answer 15

Forty

Question 16

voters approved the

amendment X to X

Answer 16

79% to 21%

Question 17

X are placed on the amount of sugar,
cordage (rope), rice, cigars, scrap tobacco, coconut oil, and
buttons of pearl or shell that can enter the U.S. from the
Philippines.

Answer 17

Absolute quotas

Question 18

For the cigars and buttons of pearl, the importation to the
U.S. shall be duty-free until X and then a
decreasing percentage of the imports shall be duty-free each
year until 1973,when the regular duty must be paid on the full
amount imported.

Answer 18

July 4, 1954

Question 19

The quotas in paragraph 1 and 2 (for all the items except
rice) shall be allocated annually by the X to manufacturers in the Philippines
proportionate to their 1940 exports of the item to the U.S. or
for sugar, to their 1931-33 production

Answer 19

Philippine

Government

Question 20

The allocated quotas in paragraph 3 may be X

Answer 20

transferred or

sold.

Question 21

No X shall be imposed or collected by the U.S. on
articles exported to the Philippines, or by the Philippines on
articles exported to the U.S

Answer 21

export tax

Question 22

The U.S. may establish quotas on imports of other Philippine
articles imported to the U.S. if the X determines
that these articles substantially compete with U.S. products.
Such quotas will be set at a level not less than the amount of
the article imported into the U.S from the Philippines in the
previous twelve months.

Answer 22

U.S. president

Question 23

The value of Philippine currency in relation to the U.S. dollar
shall not be X, the convertibility of the Philippine
pesos into the U.S. dollar shall not be X, and no
restrictions shall be imposed on the transfer of funds from the
Philippines to the U.S. except by agreement with the X.

Answer 23

changed

suspended

U.S.
President

Question 24

The utilization of natural reserves shall be X

Answer 24

open to citizens of the
U.S. and to all forms of business enterprise owned or controlled, directly or indirectly,
by U.S. citizens

Question 25

open to citizens of the
U.S. and to all forms of business enterprise owned or controlled, directly or indirectly,
by U.S. citizens

Answer 25

Government of the Philippines

Question 26

The X will promptly take such
steps as are necessary to secure the amendment of the
Constitution of the Philippines so as to permit the taking
effect as laws of the Philippines of such part of the provisions
of Paragraph 1 of this Article as is in conflict with such
constitution before such amendment

Answer 26

Government of the Philippines

Question 27

This Agreement shall have no effect after

Answer 27

July 4, 1974