The building of the Panama Canal was overseen by Theodore Roosevelt who was president at the time. This was a goal that the United States was reaching at for a long time. This was a trans-isthmian canal that would later help in the transportation of materials across the coasts of the Atlantic and Pacific. In the mid nineteenth century, the United States and Great Britain began to discuss a Clayton-Bulwer Treaty to that would rival a proposed canal through the Central American Republic of Nicaragua, however it was never built. The Hay-Pauncefote Treaty of 1901 was later put into place that allowed United States to build its own canal. After this debate on the canal, a location had to be decided for where to construct the canal. June 19,1902
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Later, the U.S. sat down and discussed the context of the Hay-Bunau-Varilla Treaty of 1903 with Philippe Bunau-Varilla who was the new Envoy Extraordinary and Minister Plenipotentiary of Panama. The treaty stated that the United States was to be granted a strip of land to build the canal that stretched ten miles and the provided the United States with a 10-mile wide strip of land for the canal so they concluded that the United States was asked to pay ten million dollars to Panama along with a yearly annuity of two hundred thousand dollars in exchange for the land that is now the Panama Canal. With all this chaos and stress with constructing the Panama Canal one would wonder what is so important about this canal? Well this canal and the event itself had many short and long-term significance throughout history. At the time this was significant to the United States because it showed as a symbol for economic prosperity as well as a huge foreign policy achievement for the United States. This was also a major deal during this time routing back to the fact that the idea of having trading routes that pass mountainous trained was thought to be impossible but it was still enticing for other countries. Yes, France did attempt the task but America could accomplish
Later, the U.S. sat down and discussed the context of the Hay-Bunau-Varilla Treaty of 1903 with Philippe Bunau-Varilla who was the new Envoy Extraordinary and Minister Plenipotentiary of Panama. The treaty stated that the United States was to be granted a strip of land to build the canal that stretched ten miles and the provided the United States with a 10-mile wide strip of land for the canal so they concluded that the United States was asked to pay ten million dollars to Panama along with a yearly annuity of two hundred thousand dollars in exchange for the land that is now the Panama Canal. With all this chaos and stress with constructing the Panama Canal one would wonder what is so important about this canal? Well this canal and the event itself had many short and long-term significance throughout history. At the time this was significant to the United States because it showed as a symbol for economic prosperity as well as a huge foreign policy achievement for the United States. This was also a major deal during this time routing back to the fact that the idea of having trading routes that pass mountainous trained was thought to be impossible but it was still enticing for other countries. Yes, France did attempt the task but America could accomplish