United States Panama
Benefits • Many U.S. exports and imports travel through the Canal daily (over 10% of all U.S. shipping goes through the Canal). Exports represent jobs for U.S. citizens because the products were made by U.S. workers. Imports enable U.S. consumers to receive needed products.
• The canal also allows for trade between the two opposite sides of South America
• • important to Panama for income and jobs
• 9 percent of Panamanian GDP
• 1975 to 1977, the annuity payments US$2.3 million /year
• Panama also received assets, including three large ports (Colón, Cristóbal, and Balboa), the railroad across the isthmus, two airfields, 147,700 hectares of land (including housing, utility systems, and streets), a dry dock, large maintenance and repair shops, and service facilities formerly operated by the Panama Canal Company
• …show more content…
ports
Drawbacks • Construction began in 1907 and was facilitated by medical work that largely eradicated yellow fever and reduced the incidence of malaria.
• 345 million to build• • Disease, in the forms of yellow fever and malaria, left much of the work force in the hospitals or dead.
• Financial setbacks with trying to treat and cure workers
• Caused some friction in the United States being that there was some refusal to build the canal
• Theodore Roosevelt thought the country was one that was led by irresponsible
Benefits • Many U.S. exports and imports travel through the Canal daily (over 10% of all U.S. shipping goes through the Canal). Exports represent jobs for U.S. citizens because the products were made by U.S. workers. Imports enable U.S. consumers to receive needed products.
• The canal also allows for trade between the two opposite sides of South America
• • important to Panama for income and jobs
• 9 percent of Panamanian GDP
• 1975 to 1977, the annuity payments US$2.3 million /year
• Panama also received assets, including three large ports (Colón, Cristóbal, and Balboa), the railroad across the isthmus, two airfields, 147,700 hectares of land (including housing, utility systems, and streets), a dry dock, large maintenance and repair shops, and service facilities formerly operated by the Panama Canal Company
• …show more content…
ports
Drawbacks • Construction began in 1907 and was facilitated by medical work that largely eradicated yellow fever and reduced the incidence of malaria.
• 345 million to build• • Disease, in the forms of yellow fever and malaria, left much of the work force in the hospitals or dead.
• Financial setbacks with trying to treat and cure workers
• Caused some friction in the United States being that there was some refusal to build the canal
• Theodore Roosevelt thought the country was one that was led by irresponsible