What was Roxas' primary policy initiative for economic recovery?
Foreign loans
Land reform
Industrialization
Privatization
Answer
Foreign loans were Roxas' primary policy initiative for economic recovery. After World War II, the Philippines faced severe economic challenges. Roxas sought to address these challenges by securing foreign loans to finance reconstruction and development projects. These loans played a crucial role in rebuilding infrastructure, stimulating economic growth, and creating jobs, ultimately contributing to the Philippines' economic recovery.
Unlocking History: The Manuel Roxas Legacy Challenge
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