USA HISTORY

AMERICAN IMPERIALISM 1890 1919

THE SPANISH AMERICAN WAR

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is the main economic reason for the US to construct the Panama Canal?
A
Defeating Spain in Cuba
B
Conquering of Carribbean countries
C
Increasing secure placement in Latin American
D
enabling trade and travel faster and easier
Explanation: 

Detailed explanation-1: -Throughout the 1800s, American and British leaders and businessmen wanted to ship goods quickly and cheaply between the Atlantic and Pacific coasts.

Detailed explanation-2: -More than a century ago, the opening of the Panama Canal revolutionized international trade by making it much quicker and easier to travel between the Atlantic and Pacific Oceans.

Detailed explanation-3: -In 1903, Panama declared its independence from Colombia in a U.S.-backed revolution and the U.S. and Panama signed the Hay-Bunau-Varilla Treaty, in which the U.S. agreed to pay Panama $10 million for a perpetual lease on land for the canal, plus $250, 000 annually in rent.

Detailed explanation-4: -The Panama Canal (PC) is the shortest operative route connecting maritime trade between the Atlantic and Pacific oceans. It is also the shortest passage for gas cargoes from the Gulf of Mexico to Northern Asia (Rodrigue 2015).

There is 1 question to complete.