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Noel Maurer and Carlos Yu, The Big Ditch: How America Took, Built, Ran, and Ultimately Gave Away the Panama Canal, Princeton University Press, 2011. Mary C. Swilling, "The Business of the Canal: The Economics and Politics of the Carter Administration's Panama Canal Zone Initiative, 1978". Essays in Economic & Business History (2012) 22:275-89.
Panamanian officials have pushed back against the threats, with President José Raúl Mulino saying in a Sunday statement that “every square meter of the Panama Canal and its adjacent zone ...
“The Panama Canal is our oil, and this is as if you’re threatening to take oil from Saudi Arabia, to take away the oil wells,” said Diaz-Espino. “This would be devastating to the country.
The then-president added: “Of course, this does not give the United States any right to intervene in the internal affairs of Panama, nor would our military action ever be directed against the ...
The Panama Canal cost the United States about $375 million, including $10 million paid to Panama and $40 million paid to the French company. Although it was the most expensive construction project in US history to that time, it cost about $23 million less than the 1907 estimate despite landslides and an increase in the canal's width.
The events of January 9 were considered to be a significant factor in the U.S. decision to negotiate the 1977 Torrijos–Carter Treaties, which finally abolished the Hay–Bunau-Varilla Treaty and allowed the gradual transfer of control of the Canal Zone to Panama and the handover of full control of the Panama Canal on December 31, 1999. [10]
Panama's voters approved a 2006 referendum authorizing a major expansion of the canal to accommodate larger modern cargo ships. The expansion took until 2016 and cost more than $5.2 billion. Panamanian President José Raúl Mulino said in a video Sunday that “every square meter of the canal belongs to Panama and will continue to.” He added ...
Why does Trump want to regain control of the Panama Canal? Trump claims the U.S. is being “ripped off” by Panama over the 1977 canal treaty, which he calls a “foolish” giveaway.