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In 1921, Colombia and the United States entered into the Thomson–Urrutia Treaty, in which the United States agreed to pay Colombia $25 million: $5 million upon ratification, and four $5 million annual payments, and grant Colombia special privileges in the Canal Zone. In return, Colombia recognized Panama as an independent nation. [28]
The idea of the Panama Canal dates back to 1513, when the Spanish conquistador Vasco Núñez de Balboa first crossed the Isthmus of Panama. He wrote in his journal the possibility of a canal but did not take action. [6] Instead, the first trans-isthmian route was established to carry the plunder of Peru to Spain from Panama to Nombre de Dios. [7]
In 1921, Colombia and the United States entered into the Thomson–Urrutia Treaty, in which the United States agreed to pay Colombia $25 million: $5 million upon ratification, and four $5 million annual payments, and grant Colombia special privileges in the Canal Zone. In return, Colombia recognized Panama as an independent nation. [94]
Created by damming Panama’s Chagres River, Gatún was the largest man-made lake on Earth when created in the early 1900s. Gatún tours travel out onto the canal’s lake artery to let tourists ...
A post on X claims that the U.S. never “owned” the Panama Canal. Verdict: Misleading The U.S. signed a treaty in 1903 that allowed it to build and operate the Canal. President Jimmy Carter ...
Panama, [a] officially the Republic of Panama, [b] is a country in Latin America at the southern end of Central America, bordering South America. It is bordered by Costa Rica to the west, Colombia to the southeast, the Caribbean Sea to the north, and the Pacific Ocean to the south.
In 1501, Rodrigo de Bastidas was the first European to explore the Isthmus of Panama sailing along the eastern coast. A year later Christopher Columbus on his fourth voyage, sailing south and eastward from upper Central America, explored Bocas del Toro, Veragua, the Chagres River and Portobelo (Beautiful Port) which he named.
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