Early Life and Education
Corazon Cojuangco was born in Tarlac, a member of one of the richest Chinese-mestizo families in the Philippines. She was born to Jose Cojuangco of Tarlac province and Demetria Sumulong of Antipolo, Rizal. Her ancestry was one-eighth Tagalog in maternal side, one-eighth Kapampangan and one-fourth Spanish in her paternal side, and half-Chinese in both maternal and paternal sides.
She is the fourth among six (6) siblings: Pedro, Josephine Reyes, Teresita Lopa (+), Jose Jr. and Maria Paz Teopaco. She was sent to St. Scholastica's College and finished grade school as class valedictorian in 1943. In 1946, she studied high school for one year in Assumption Convent Manila, later she was sent overseas to study in Ravenhill Academy in Philadelphia where Princess Grace Kelly of Monaco once studied, the Notre Dame Convent School in New York, and the College of Mount Saint Vincent, also in New York. Aquino worked as a volunteer in the 1948 United States presidential campaign of Republican Thomas Dewey against President Harry Truman. She studied liberal arts and graduated with a Bachelor of Arts degree major in French Language and minor in Mathematics in 1953. She had intended to become a math teacher and language interpreter.
She is the fourth among six (6) siblings: Pedro, Josephine Reyes, Teresita Lopa (+), Jose Jr. and Maria Paz Teopaco. She was sent to St. Scholastica's College and finished grade school as class valedictorian in 1943. In 1946, she studied high school for one year in Assumption Convent Manila, later she was sent overseas to study in Ravenhill Academy in Philadelphia where Princess Grace Kelly of Monaco once studied, the Notre Dame Convent School in New York, and the College of Mount Saint Vincent, also in New York. Aquino worked as a volunteer in the 1948 United States presidential campaign of Republican Thomas Dewey against President Harry Truman. She studied liberal arts and graduated with a Bachelor of Arts degree major in French Language and minor in Mathematics in 1953. She had intended to become a math teacher and language interpreter.
1986 Presidential Campaign
Aquino participated in many of the mass actions that were staged in the two years following the assassination of her husband. On the last week of November 1985, Marcos unexpectedly announced a snap presidential election to be held in February 1986. Initially, Senator Salvador Laurel of Batangas, the son of a former president, was seen as the favorite presidential candidate of the opposition, under the United Nationalists Democratic Organizations. However, business tycoon Don Joaquin "Chino" Roces was not convinced that Laurel could defeat Marcos in the polls. Roces initiated the Cory Aquino for President Movement to gather one million signatures in one week for Cory to run as president.
Aquino was reluctant at first to run for presidency, despite pleas that she was the one candidate who could unite the opposition against Marcos. She eventually was convinced following a ten-hour meditation session at a Catholic convent. Laurel did not immediately accede to calls for him to give way to Aquino, and offered her the vice-presidential slot under his UNIDO party. Aquino instead offered to give up her affiliation with her husband's political party, the Lakas ng Bayan (LABAN), which had just merged with Partido Demokratiko Pilipino, and run under the UNIDO banner with Laurel sliding down to the vice-presidential slot. Laurel gave way to Aquino to run as President and ran as her running-mate under UNIDO as the main political umbrella of the opposition.
In the succeeding political campaign, Marcos charged that Aquino was being supported by communists and agreed to share power with them, to which she responded that she would not appoint one to her cabinet. Marcos also accused Aquino of playing "political football" with the United States with respect to the continued United States military presence in the Philippines at Clark Air Base and Subic Naval Base. Marcos also derided Aquino as "just a woman" whose place was in the bedroom.
The elections held on February 7, 1986 were marred by the intimidation and mass disenfranchisement of voters. Election day itself and the days immediately after were marred by violence, including the murder of one of Aquino's top allies, Antique governor Evelio Javier. While the official tally of the Commission on Elections (COMELEC) consistently showed Marcos in the lead, the unofficial tally of the National Movement for Free Elections indicated that Aquino was leading. Despite the job walkout of 30 COMELEC computer technicians alleging election-rigging in favor of Marcos, the Batasang Pambansa, controlled by Marcos allies, ratified the official count and proclaimed Marcos the winner on February 15, 1986. The country's Catholic bishops and the United States Senate condemned the election, and Aquino called for a general strike and a boycott of business enterprises controlled by Marcos allies. She also rejected a power-sharing agreement proposed by the American diplomat Philip Habib, who had been sent as an emissary by U.S. President Ronald Reagan to help defuse the tension.
Presidency
The relatively peaceful manner by which Aquino assumed the presidency through the EDSA Revolution won her widespread international acclaim as an icon of democracy. She was selected as Time Magazine's Woman of the Year in 1986. She was also nominated to receive the Nobel Peace Prize but lost to Elie Wiesel also in 1986. In September of 1986, Aquino delivered a speech before a joint session of the United States Congress which was interrupted by applause several times, and which then U.S. House Speaker Tip O'Neill hailed as "the finest speech I've ever heard in my 34 years in Congress."
The six-year administration of President Aquino saw the enactment of a new Philippine Constitution and several significant legal reforms, including a new agrarian reform law. While her allies maintained a majority in both houses of Congress, she faced considerable opposition from communist insurgency and right-wing soldiers who instituted several coup attempts against her government. Her government also dealt with several major natural disasters that struck the Philippines, as well as a severe power crisis that hampered the Philippine economy. It was also during her administration that the presence of United States military bases in the Philippines came to an end.