1901, San Pedro de Makati, with a
population of 2,500, was incorporated into the province of Rizal. On February
28, 1914, the Philippine Legislature passed Act 2390, shortening the name San
Pedro Makati to Makati in the 1930s, the first airport, Nielson Airport, opened
in what is now the Ayala Triangle. The first centrally planned community was
established in the 1950s, and since the 1970s, Makati has been the undisputed
financial and commercial capital, the once worthless swampland becoming prime
real property. Makati has also figured prominently in the political history of
the Filipino. The community was one of the cradles of the revolt against
Spanish colonial rule, and following the assassination of Ninoy Aquino in 1983,
the epicenter of the protest movement against the dictatorial rule of Ferdinand
Marcos. On January 2, 1995, Makati became an independent city by virtue of
Republic Act 7854
