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Following the deliberations of the U.S. Isthmian Canal Commission and a push from President Theodore Roosevelt, the United States purchased the French assets in the canal zone for $40...
After nine months of Capitol Hill lobbying, the push for a "lake and lock" canal, favored by Roosevelt, succeeded. Stevens would dam the mighty Chagres to create the vast Gatun Lake in Panama's...
Building the Panama Canal, 1903–1914. President Theodore Roosevelt oversaw the realization of a long-term United States goal—a trans-isthmian canal. Throughout the 1800s, American and British leaders and businessmen wanted to ship goods quickly and cheaply between the Atlantic and Pacific coasts.
The Panama Canal was a result of many treaties and international negotiations, with the final treaty coming about after the Panamanian revolution.
When Theodore Roosevelt visited the blast area, he became the first sitting American President to travel outside the country. Finally, the deed was done. In 1914, at the cost of $345 million, the Panama Canal was open for business.
During this time, Roosevelt justified the need for a canal across the Americas (either through Nicaragua or through the Isthmus of Panama) for naval protection. Roosevelt served as Assistant Secretary of the Navy from 1897 to 1898 and was an aggressive supporter of a trans-isthmus canal.
After McKinley’s assassination, President Theodore Roosevelt reinstated the commission to push the Panamanian route, pending negotiations with Colombia over the price of the old French equipment and route. On May 2, 1902, Mont Pelée volcano erupted in Martinique, killing 30,000 islanders.