Oh, dude, that's the Panama Canal. It's like this super famous waterway that connects the Atlantic and Pacific Oceans, saving ships a ton of time and effort by not having to sail all the way around South America. It's a pretty big deal, but hey, no pressure.
President Theodore Roosevelt started the panama, the square deal, and the great white flee.
Panama belonged to Colombia. The US tried to negotiate with Colombia for permission to build the canal and control it once it was built but a deal could not be worked out. After a time, Panama revolted from Colombia ,the US backed the revolution , Panama became independent and an agreement to build the canal was made.
Square deal, Panama Canal, negotiated end to Russo-Japanese war
Iran hostage crisis, Panama Canal treaty
Woodrow Wilson did not give Colombia 25 million dollars for the Panama Canal in 1921. John Hay, the secretary of state, offered Colombia an initial amount of $10 million plus $250,000 yearly in 1903, to borrow a strip of land where the Panama Canal is going to be built. Unfortunately, the offer was declined. But later on, after Panamanians won their independence, Theodore Roosevelt offered the same deal to Panama, not Colombia. Panama did accept this offer and the Panama Canal wasn't finished until August 1914.
The Square Deal
President Theodore Roosevelt digging the Panama Canal. The gunboats are protecting the New Republic of Panama. The dirt on Bogota is Roosevelt "burying the deal" and humiliating Colombia.
The nation of Panama was created in 1903 because Roosevelt sent the U.S navy to support a revolution on the isthmus. This allowed Panama to become independent of Colombia and the US to get the land to build the Panama Canal.
President Theodore Roosevelt addressed Colombian opposition to the U.S. offer to purchase land for the Panama Canal by supporting a revolution in Panama in 1903. When Panama declared independence from Colombia, the U.S. quickly recognized the new government and signed the Hay-Bunau-Varilla Treaty, which granted the U.S. control over the canal zone. This strategic move effectively bypassed Colombian resistance and secured U.S. interests in building the canal.
Panama was a part of Colombia but was fighting for independence from 1899 to 1902. Colombia rejected a deal with the US to build the canal, so the US backed Panama's claim of independence in return for permanent ownership of a strip of land 50 miles long and 10 miles wide through which they could build and operate the canal. It was completed 11 years later.
Many people use the Panama Canal to sail to the other side of panama and import/ export items. It provides millions of dollars each day into our economy, but due to corruption, most of the money is deviated into corrupt politicians and not the people.