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No, the Panama Canal was not built as part of a treaty between the US and Colombia. Initially, the US sought to negotiate a treaty with Colombia to build the canal, but when negotiations failed, the US supported a rebellion in Panama in 1903. After Panama gained independence, the US and the new government signed the Hay-Bunau-Varilla Treaty, which granted the US control over the canal zone to construct the canal.
Panama was part of Colombia. Then in 1903 the U.S and Colombia signed the Hay-Herran Treaty to finish the Panama Canal, which the french did not complete. But the Colombian government rejected the treaty. So the Panamanians were highly upset and the chose to separate from Colombia.
Colombia failed to ratify the treaty and did not want to allow the USA build a canal on the isthmus of Panama.
Theodore Roosevelt effectively sponsored the creation of the nation of Panama out a portion of Colombia and then immediately entered into a treaty with the newly-formed government of Panama to build the canal. Needless to say, this did not sit well with the Colombian government.
The primary cause for U.S. military intervention in Colombia in 1903 was the Colombian government's refusal to ratify a treaty that would have allowed the United States to build a canal through Panama. The U.S. sought to secure control over the canal route to facilitate maritime trade and enhance military mobility. When Colombia rejected the treaty, the U.S. supported a separatist movement in Panama, leading to Panama's independence and the subsequent signing of the Hay-Bunau-Varilla Treaty, which granted the U.S. control over the Panama Canal Zone.
Roosevelt wanted to build a Panama Canal. Colombia refused to agree to a settlement for the Isthmus of Panama. Roosevelt assisted the Panamanians in revolting against Colombia. When Panama declared its' independence, the US was quick to officially recognize its' independence. The US then successfully negotiated a treaty with Panama to build the Canal.
The relationship between the US and Colombia worsened when Colombia refused to ratify the Hay-Herrán Treaty to build the Panama Canal. In response, the US supported Panama's efforts for independence from Colombia in 1903, leading to the signing of the Hay-Bunau-Varilla Treaty granting the US control of the Panama Canal Zone.
Theodore Roosevelt worked with Colombia for the opportunity of building a canal in Panama.
The Panama Canal.
The 1903 treaty for the Panama Canal, known as the Hay-Bunau-Varilla Treaty, was an agreement between the United States and Panama that granted the U.S. control over the Panama Canal Zone in exchange for a payment of $10 million and an annual rent of $250,000. This treaty followed Panama's independence from Colombia, which the U.S. supported. It established the framework for the construction and management of the canal, which was completed in 1914. The treaty was controversial and faced criticism over issues of sovereignty and U.S. interventionism.
Teddy Roosevelt encouraged Panamanian rebels to revolt and declare independence from Colombia.
Colombia