good for trading
good for trading
I am going to answer your question with a other question . Wath benefits has panama with the canal through their land ? Your answer will be my answer (use your brain).
usefulness, great profitability, and a large size
usefulness, great profitability, and a large size
The benefits of canal travel as to land travel, sea travel or even ocean travel is that it usually has alot of places to buy and sell things along the way. During American history, the Erie canal was used as an economical hot spot to encourage trade. During the industrial revolution, different cites along the Erie canal specialised in different goods and on the Erie canal traders from foreign European countries could trade and make money.
Yes, without a doubt. Maybe the south would have won without the transportation benefits of the Erie canal, I doubt it though.
It can be said that the Panama Canal has benefited every country in Central America because the Panama Canal provides a way to go through North America and South America. If it wasn't there, you would have to go around South America to get past North or South America by boat.
The Panama canal has more commercial benefits today because there have been multilateral agreements between countries and economies on either side of the canal. Less military activity goes on in the region.
The Suez Canal benefits European countries because the canal makes up about 2.5 percent of the worlds oil trade. Just in that small percentage alone and where the canal sits makes European countries automatic buying and trading zones.
The benefits of canal travel as to land travel, sea travel or even ocean travel is that it usually has alot of places to buy and sell things along the way. During American history, the Erie canal was used as an economical hot spot to encourage trade. During the industrial revolution, different cites along the Erie canal specialised in different goods and on the Erie canal traders from foreign European countries could trade and make money.
Most countries understood the economic benefits of the canal. The French attempted to build it, but were unable to continue the financing and effort. The US took control of the project and finished it.
they made a $300 million bridge to unit the two vast oceans which officially opened in 1914.