The first time the idea of the Panama Canal was conceptualized goes back to 16th century. The idea was created after sailors understood and evaluated the time it took the gold to reach the ports of Spain, it was suggested in 1524 to Charles V, that by cutting out a piece of land somewhere in Panama the trips would be made shorter and the danger of taking the treasures through the cape. A plan for this canal was drawn up in 1529.However, the project got put on a permanent hold after war arose in Europe and the thirsts for the control of kingdoms in the Mediterranean Sea. The Canal would have been used as a shorter way to transport gold from Spain to Ecuador, Asia, and Peru. When the Panama Canal was initially built, it was to be owned and administered
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For example, we know that more than 27,000 workers had died during the construction. We approximately know the area of pristine undisturbed Panama rainforest that went underwater. Additionally, we can imagine that many people were driven out of their land and displaced (apparently up 50,000 people were affected during the original Panama Canal construction)(Human Costs) . Through the process of the building of the Panama Canal, half of the Panama rainforest was submerged under water. This just goes to show that were the investing companies may have benefited from the construction of the Panama Canal. The country in which it was built on people and environment was impacted drastically in a negative …show more content…
Furthermore, through the process 35,000 to 40,000 new jobs will be created over the project life. Based on what we have heard from local officials, the most important impacts on employment will be the medium and long term, as a result of extra income generated by the expanded canal. This shows that in the modern day the Government will still reap major benefits due to the canal. Effect on Panama's General Population:
From the decade before the construction of the canal to the 1920s, death rates in Panama fell 32%. This was because of. The construction of water and sewage systems. The project cost 4.8 million dollars (and a 6% interest), all paid by the Panamanians, although it was the United States idea. (Long Term Effect) When it was first finished, only 432 houses were hooked up, but eventually, the system reached the entire area. An antimalarial campaign that took place in 1904. In order to get rid of malaria, the United States employed workers to liberally use the world's first insecticide. The deaths due to malaria in the areas covered by the campaign fell 160% from 1906-1909. The increase in wealth due to the canal allowed for the government to invest in healthcare, which decreases the number of deaths by 32% due to a better health care system. It is still benefiting Panama
For example, we know that more than 27,000 workers had died during the construction. We approximately know the area of pristine undisturbed Panama rainforest that went underwater. Additionally, we can imagine that many people were driven out of their land and displaced (apparently up 50,000 people were affected during the original Panama Canal construction)(Human Costs) . Through the process of the building of the Panama Canal, half of the Panama rainforest was submerged under water. This just goes to show that were the investing companies may have benefited from the construction of the Panama Canal. The country in which it was built on people and environment was impacted drastically in a negative …show more content…
Furthermore, through the process 35,000 to 40,000 new jobs will be created over the project life. Based on what we have heard from local officials, the most important impacts on employment will be the medium and long term, as a result of extra income generated by the expanded canal. This shows that in the modern day the Government will still reap major benefits due to the canal. Effect on Panama's General Population:
From the decade before the construction of the canal to the 1920s, death rates in Panama fell 32%. This was because of. The construction of water and sewage systems. The project cost 4.8 million dollars (and a 6% interest), all paid by the Panamanians, although it was the United States idea. (Long Term Effect) When it was first finished, only 432 houses were hooked up, but eventually, the system reached the entire area. An antimalarial campaign that took place in 1904. In order to get rid of malaria, the United States employed workers to liberally use the world's first insecticide. The deaths due to malaria in the areas covered by the campaign fell 160% from 1906-1909. The increase in wealth due to the canal allowed for the government to invest in healthcare, which decreases the number of deaths by 32% due to a better health care system. It is still benefiting Panama