USA HISTORY

Detailed explanation-1: -On November 6, 1903, the United States recognized the Republic of Panama, and on November 18 the Hay-Bunau-Varilla Treaty was signed with Panama, granting America exclusive and permanent possession of the Panama Canal Zone. In exchange, Panama received $10 million and an annuity of $250, 000 beginning nine years later.

Detailed explanation-2: -From its opening in 1914 until 1979, the Panama Canal was controlled solely by the United States, which built it.

Detailed explanation-3: -President Theodore Roosevelt oversaw the realization of a long-term United States goal-a trans-isthmian canal.

Detailed explanation-4: -In 1903, the United States negotiated a treaty with Colombia that granted the United States the right to construct and operate a canal for 100 years within a zone six-miles wide across Panama.

Detailed explanation-5: -In 1881, a French company headed by Ferdinand de Lesseps, a former diplomat who developed Egypt’s Suez Canal, began digging a canal across Panama. The project was plagued by poor planning, engineering problems and tropical diseases that killed thousands of workers.