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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.
It won the U.S. National Book Award in History, [3] the Francis Parkman Prize, [4] the Samuel Eliot Morison Award, [5] and the Cornelius Ryan Award. [6] The book details people, places, and events involved in building the Panama Canal. The title refers to the connection between the Atlantic and Pacific oceans that the opening of the canal created.
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.
Why is it so important? Roughly 5% of all global trade flows through the canal’s 50-mile (80-kilometer) stretch each year, with the largest chunk being cargo heading between the East Coast of ...
Image Name (Birth–Death) Took office Left office Notes Reference George Washington Goethals (1858–1928) 1 April 1914 10 January 1917 First U.S. civil governor appointed by President Woodrow Wilson
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 ...
President-elect Trump criticized Jimmy Carter's diplomacy that led to the Panamanians regaining control of the PCZ nearly 100 years after Teddy Roosevelt helped the U.S. take it over.
A minimal workforce of a few thousand people was employed primarily to comply with the terms of the Colombian Panama Canal concession, to run the Panama Railroad, and to maintain the existing excavation and equipment in salable condition. The company sought a buyer for these assets, with an asking price of US$109,000,000 ($3.84 billion in 2023).