Philippines History 1955

Philippines Historical events in 1955. Important events that happened in Philippines History, famous births, deaths and major events in 1955.

1st April 1955

Earthquake Rocks Philippines 16 Dead, Many Homeless

MANILA, April 1, 1955

A sever earthquake struck the southern Philippines sending thousands fleeing from their homes in the predawn darkness and killing at least 16 people. The quake triggered a series aftershocks that lasted several hours.

Hundreds of people were reported injured by falling debris at least a thousand were left homeless.

Mindanao. Negros and Panay islands were the hardest hit.

The Philippines Cross said 16 people were killed near Lake Lanao.

Island coastal cities were devastated by rolling shocks. Churches crumbled, houses collapsed and electric power failed, the water system was disrupted and its port was blocked.

A Red Cross message from the Lanao district said “Tremors lasted from 2:15 to 9 a. m.”

6th September 1955

Laurel-Langley Agreement was approved

The Philippines and the governments of the United States of America approved the Laurel-Langley Agreement.

Negotiation started in December 1954 between Senator Jose P. Laurel and James M. Langley for an agreement between the USA and the Philippines.

After successful negotiations the Laurel-Langley Agreement was approved on the 6th September 1955.

Part of the agreement abolished Americas right to control the exchange rate of the Philippine Peso.

The right to control the exchange rate of the Philippine Peso was part of the Bell trade act of 1946 which pegged the Philippine peso to the dollar at an exchange rate of 2:1, which was very unpopular with the people of the Philippines.

The Laurel-Langley treaty came into effect on the 1st January 1956 and lasted until 1974.