Management by Corazon Aquino (1986–1992)

Corazon Aquino immediately formed a revolutionary government to normalize the situation, underpinning the transitional Freedom Constitution. [37] A new constitution was adopted in February 1987.

[38] This constitution prohibited the declaration of martial law, the establishment of autonomous regions in the Cordillera and in Southern Mindanao and the return of the presidential style and the two-member Congress.

[39] The country prospered by reestablishing democratic institutions and respecting the people, but the country's weakening of the Aquino administration has been weakened by the coups of unaffected members of the military.

[40] The economic boom was precipitated by a series of disasters, including the eruption of the Pinatubo Volcano in 1991 that resulted in the deaths of 700 people and the loss of 200,000 homes.

[41] In 1991, the Senate repealed an agreement allowing the retention of U.S. military bases for ten years. Americans restored the government to Clark Air Base in Pampanga in November of that year, and Subic Bay Naval Base in Zambales in December 1992, ending nearly a century of U.S. military occupation in the Philippines.

Corazon Aquino died on August 1, 2009 at the Makati city medical center, illness of Colon Cancer.