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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.
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).
Zonians (Spanish: Zoneítas, singular: zoneíta, zoniano) are people associated with the Panama Canal Zone, a political entity which existed between 1903 and the absorption of the Canal Zone into the Republic of Panama between 1979 and 1999. Most were American expatriates loyal to the United States. They helped build and maintain the canal.
For Panama Canal visitors, ... Panama City’s old town. Famous for the museum, coffee shops and buzzy rooftop bars, a trip to Casco Viejo is a must-do for anyone visiting the country’s capital ...
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 ...
A ship is guided through the Panama Canal's Miraflores locks near Panama City on April 24, 2023. (Luis Acosta/AFP/Getty Images)
Edward was born in New Holstein, Wisconsin, [2] [3] the eighth child of German immigrants Joachim and Dorothea (Kuehl) Schildhauer. [1] Edward's father Joachim left Germany in 1852 and visited his family in Brazil. Some people in Brazil told Joachim that Wisconsin was a great place to move to, and Joachim ended up settling in New Holstein.
John Frank Stevens (April 25, 1853 – June 2, 1943) was an American civil engineer who built the Great Northern Railway in the United States and was chief engineer on the Panama Canal between 1905 and 1907.