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In 1501, Rodrigo de Bastidas was the first European to explore the Isthmus of Panama sailing along the eastern coast. A year later Christopher Columbus on his fourth voyage, sailing south and eastward from upper Central America, explored Bocas del Toro, Veragua, the Chagres River and Portobelo (Beautiful Port) which he named.
Panama – sovereign country located on the Isthmus of Panama in Central America. [1] Some geographers categorize Panama as a transcontinental nation connecting the northern and southern portions of the Americas. Panama borders Costa Rica to the north-west, Colombia to the south-east, the Caribbean Sea to the north and the North Pacific Ocean ...
The Republic of Panama became a protectorate of the larger country through two provisions whereby the United States guaranteed the independence of Panama and received in return the right to intervene in Panama's domestic affairs. For the rights it obtained, the United States was to pay the sum of US$10 million and an annuity, beginning 9 years ...
After 1567 Panama was attached to the Viceroyalty of Peru but retained its own audiencia. [2] Beginning early in the 16th century, Nombre de Dios in Panama, Vera Cruz in Mexico, and Cartagena in Colombia were the only three ports in Spanish America authorized by the crown to trade with the homeland. By the mid-1560s, the system became ...
1826 - June: City hosts Panama Congress. [2] 1830 - City becomes part of Republic of New Granada. [5] 1849 - Panama Star English-language newspaper begins publication. [6] 1853 - La Estrella de Panamá newspaper in publication. [citation needed] 1855 - Panama Railway begins operating. [7] 1856 - April 15: Watermelon Riot. 1878 - Fire.
A ship is guided through the Panama Canal's Miraflores locks near Panama City on April 24, 2023. (Luis Acosta/AFP/Getty Images)
Panama is regarded as having a high-income economy. In 2019, Panama ranked 57th in the world in terms of the Human Development Index. In 2018, Panama was ranked the seventh-most competitive economy in Latin America, according to the World Economic Forum's Global Competitiveness Index. Panama was ranked 82nd in the Global Innovation Index in 2024
In the very first year of the Hay-Bunau-Varilla Treaty, dissension had already arisen over the sovereignty issue. Acting on an understanding of its rights, the United States had applied special regulations to maritime traffic at the ports of entry to the canal and had established its own customs, tariffs, and postal services in the zone.