American civil engineers were faced with an extraordinary challenge in 1905: constructing a canal that would link the Pacific Ocean and the Caribbean Sea, as reported by Yahoo.
Success of the Panama Canal
The construction and success of the Panama Canal, which eliminated the need for a dangerous three-week journey around South America, has fascinated many. The U.S. gained ownership of the canal through a treaty in 1903, raising questions about exploitation and the rights of the Panamanian people. The treaty was negotiated without Panamanian representation, granting the U.S. control over Panama for 99 years. The compensation provided to Panama for the land and canal control was minimal compared to the substantial profits the canal generated annually.
Panama’s independence
The history of the Panama Canal reflects Panama’s persistent pursuit of regaining control over its territory. Tensions between Panama and the United States arose due to the U.S. presence in the canal zone throughout the 20th century. Panama’s quest for sovereignty reached its peak with the Torrijos-Carter Treaties in 1977. These treaties outlined the transfer of the canal to Panama and set a timeline for full Panamanian control. The handover of the canal in 1999 was a momentous event, symbolizing Panama’s independence and sovereignty.
Vital trade route
The Panama Canal remains a vital trade route, accommodating various types of vessels and facilitating global commerce. The completion of the expansion project in 2016 has enabled the transit of larger ships, enhancing the canal’s capacity and solidifying Panama’s role in international shipping. This expansion has stimulated maritime trade and contributed to the country’s economic growth. The Panama Canal continues to attract visitors who are fascinated by its engineering marvel and intrigued by its rich history and global significance.
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Source: Yahoo
