On September 7, 1977,a treaty was signed by President Jimmy Carter and Omar Torrijos, de facto leader of Panama, granting Panamanians free control of the canal, so long as Panama guaranteed complete neutrality of the canal. The treaty led to full Panamanian control, effective at noon on December 31, 1999.
panama gained control over panama canal by negotiating and then later war.
Panama owns the Panama Canal. Although the US had control over the Canal Zone from 1903 to 1979, the treaty was eventually amended in 1977.
The USA has never owned the Panama Canal but it did pay Columbia 25000000 million dollars for Panamas Independece and an American agency ran the day to day operations for several decades.Efficency and safety has actually improved since Panama itself has taken over the running of the canal
Panama gained full control of the Panama Canal on December 31, 1999.
The US turned it over to Panama.
Panama Canal Authority, an agency of the Panamanian government owns the canal. Complete control was turned over to them by a joint U.S/Panama administration on December 31, 1999.
Panama
The United States, particularly under President Theodore Roosevelt, subtly encouraged Panama's independence from Colombia in 1903 to facilitate the construction of the Panama Canal. The U.S. government supported a revolution in Panama, believing that an independent Panama would be more amenable to granting the necessary lease for the canal. After Panama declared independence, the U.S. quickly recognized the new government and secured the Hay-Bunau-Varilla Treaty, which granted the U.S. control over the canal zone.
By giving the Panama Canal back to Panama, the Soviets could have easily used Cuba to conquer and sieze the canal. If the Soviets had control over the canal then they could set up bombing bases in the Pacfic without any conflit of passage.
Panama canal
December 31, 1999
Panama owns the Panama Canal. Although the US had control over the Canal Zone from 1903 to 1979, the treaty was eventually amended in 1977.