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- The Presidency of Corazon Aquino began following the triumph of the peaceful People Power Revolution or EDSA 1 when Corazon Aquino became President of the Philippines, and spanned a six-year period from February 25, 1986, to June 30, 1992. The triumph of the peaceful People Power Revolution and the ascension of Corazon Aquino to the Philippine presidency signaled the end of authoritarian rule in the Philippines and the dawning of a new era for the nation. The relatively peaceful manner by which Aquino came into power drew international acclaim and admiration for her and the Filipino people. During the first months of Aquino's presidency, the country experienced radical changes and sweeping democratic reforms. One of Aquino's first and boldest moves was the creation of the Presidential Commission on Good Government (PCGG), which was tasked to go after the Marcos ill-gotten wealth; however, after her presidency, the PCGG itself was also implicated by corruption scandals when it was alleged that officials wanted a cut of the Marcos assets and officials were "milking" sequestered assets. Aquino, being a revolutionary president by virtue of people power, repealed & abolished repressive laws under her predecessor, restored civil liberties, abolished the 1973 "Marcos Constitution" and dissolved the Marcos allies, loyalists, supporters-dominated Batasang Pambansa, despite the advice of her vice-president and only prime minister Salvador Laurel. She also immediately created a Constitutional Commission, which she directed for the drafting of a new constitution for the nation. (en)
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