WORLD HISTORY

Detailed explanation-1: -With the support of the U.S. government, Panama issues a declaration of independence from Colombia. The revolution was engineered by a Panamanian faction backed by the Panama Canal Company, a French-U.S. corporation that hoped to connect the Atlantic and Pacific oceans with a waterway across the Isthmus of Panama.

Detailed explanation-2: -In his new role, Bunau-Varilla negotiated the Hay-Bunau-Varilla Treaty of 1903, which provided the United States with a 10-mile wide strip of land for the canal, a one-time $10 million payment to Panama, and an annual annuity of $250, 000. The United States also agreed to guarantee the independence of Panama.

Detailed explanation-3: -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-4: -Forty five years after the U.S. first considered building a canal through Central America, the Panama Canal opened to the public. French engineer Ferdinand de Lesseps completes work on the Suez Canal in Egypt. The canal allows a direct line of transportation and trade between Europe and Asia.