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The Panama Canal cost the United States about $375 million, including $10 million paid to Panama and $40 million paid to the French company. Although it was the most expensive construction project in US history to that time, it cost about $23 million less than the 1907 estimate despite landslides and an increase in the canal's width.
The Panama Canal, one of the most important chokepoints in global trade, has caused many environmental and ecological problems since it was built and expanded. These problems include deforestation, the spread of invasive species, water and air pollution, and water shortage. Deforestation in the Panama Canal watershed has been a problem for decades.
Four Centuries of the Panama Canal. New York, New York: Henry Holt and Co. OCLC 576076780. Lafeber, Walter. The Panama Canal: The Crisis in Historical Perspective (3rd ed. 1990). McCullough, David (1977). The Path Between the Seas: The Creation of the Panama Canal, 1870–1914. New York: Simon & Schuster. ISBN 0-671-24409-4.
A ship is guided through the Panama Canal's Miraflores locks near Panama City on April 24, 2023. (Luis Acosta/AFP/Getty Images)
The US-controlled canal quickly became a vital asset for American commerce and the US Navy.. Panama received a $10 million initial payment from the US for the territory followed by $250,000 each ...
Latin American leaders on Monday rallied to Panama's defense after U.S. President-elect Donald Trump threatened to reimpose U.S. control over the Panama Canal, a key global shipping route located ...
The Canal Zone became a racially and socially segregated area, set aside from the country of Panama. The push for environmental determinism seemed to be the best framework to justify American practices in Panama. The conflict from the treaty reached its peak on January 9, 1964, with riots over sovereignty of the Panama Canal Zone.
The Panama Canal is a 51-mile man-made waterway with locks and reservoirs connecting the Atlantic and Pacific Oceans, saving ships from a 7,000-mile detour around Cape Horn at South America’s ...