Democratic (socialist/fascist) President Truman signs the Bell-Bernabe Philippine Trade Act, requiring the Federal enclave of the Philippines to modify its Constitution of 1935 to permit at least 40% foreign (United states) ownership of its domestic corporations upon independence.
[added 8/19/2022]
Subsequent Events:
Authority:
“Law of the Jungle”
ccc-2point0.com/preface
References:
Chalmers Johnson, The Sorrows of Empire: Militarism, Secrecy and the End of the Republic, (New York: Metropolitan, 2004), 207-08.
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