1893
the french company ran out of money and support from the french people for this venture
The Panama Canal is one famous example of a canal.
France started construction of the canal but they encountered difficulties and diseases such as Yellow Fever and Malaria. The United States took over the project and was a success, but the Panamanians disliked the presence of the United States in their country. Even though the canal created several economic boosts for them, they thought it was colonialism. U.S President Jimmy Carter signed a treaty with Panama to give Panama the canal by 2000. As of today, Panama is the rightful owner of the canal.
John Wayne wanted to give away the Panama Canal?
No. The Panama Canal belongs to Panama since December 31, 1999. It used to be owned by the US until president Jimmy Carter and Panama's military leader Omar Torrijos singed a treaty to give the territory to Panama
President Jimmy Carter. 1977
Colombia :)
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.
Ronald Reagan could argue that Carter lost or gave away the Panama Canal because Carter did give away the Panama Canal. Carter felt that it wasn't on American land.
The United States, under Theodore Roosevelt, bought out the French equipment and excavations, and began work on May 4, 1904, after helping Panama achieve independence from Colombia. In exchange for U.S. help in separating Panama from Colombia and setting it up as a independent nation, Panama would give the United States control of the Panama Canal Zone
Panama gave the United States control over the canal zone.
Control over the canal zone