//
you're reading...
Daily History

December 31, 1999 – Panama Canal turned over to Panama


Panama Canal

Panama Canal

On December 31, 1999, the United States, in accordance with the Torrijos-Carter Treaties, officially hands over control of the Panama Canal, putting the strategic waterway into Panamanian hands for the first time.

Crowds of Panamanians celebrated the transfer of the 50-mile canal, which links the Atlantic and Pacific oceans and officially opened when the SS Arcon sailed through on August 15, 1914.

Since then, over one million ships have used the canal.

Interest in finding a shortcut from the Atlantic to the Pacific originated with explorers in Central America in the early 1500s.

In 1523, Holy Roman Emperor Charles V commissioned a survey of the Isthmus of Panama and several plans for a canal were produced, but none ever implemented.

U.S. interest in building a canal was sparked with the expansion of the American West and the California gold rush in 1848. (Today, a ship heading from New York to San Francisco can save about 7,800 miles by taking the Panama Canal rather than sailing around South America.)

In 1880 a French company run by the builder of the Suez Canal started digging a canal across the Isthmus of Panama (then a part of Colombia).

More than 22,000 workers died from tropical diseases such as yellow fever during this early phase of construction and the company eventually went bankrupt, selling its project rights to the United States in 1902 for $40 million.

President Theodore Roosevelt championed the canal, viewing it as important to America’s economic and military interests. In 1903, Panama declared its independence from Colombia in a U.S.-backed revolution and the U.S. and Panama signed the Hay-Bunau-Varilla Treaty, in which the U.S. agreed to pay Panama $10 million for a perpetual lease on land for the canal, plus $250,000 annually in rent.

Over 56,000 people worked on the canal between 1904 and 1913 and over 5,600 lost their lives. When finished, the canal, which cost the U.S. $375 million to build, was considered a great engineering marvel and represented America’s emergence as a world power.

In 1977, responding to nearly 20 years of Panamanian protest, U.S. President Jimmy Carter and Panama’s General Omar Torrijos signed two new treaties that replaced the original 1903 agreement and called for a transfer of canal control in 1999.

The treaty, narrowly ratified by the U.S. Senate, gave America the ongoing right to defend the canal against any threats to its neutrality. In October 2006, Panamanian voters approved a $5.25 billion plan to double the canal’s size by 2015 to better accommodate modern ships.

Ships pay tolls to use the canal, based on each vessel’s size and cargo volume. In May 2006, the Maersk Dellys paid a record toll of $249,165. The smallest-ever toll–36 cents–was paid by Richard Halliburton, who swam the canal in 1928.

About Craig Hill

Teacher and Writer. Writing has been cited in New York Times, BBC, Fox News, Aljazeera, Philippines Star, South China Morning Post, National Interest, news.com.au, Wikipedia and others.

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

If you liked what you just read, click "Subscribe" to become a follower of the Craig Hill site. You will receive an email each time a new post is published.

Join 15,358 other followers

An archive of all my old posts

Follow me on Twitter

Most Recent Posts Post on My Blog About China: China News

United States outmanoeuvres Russia once again? 

United States outmanoeuvres Russia once again? 

In a recent briefing, the US Director of National Intelligence (DNI), Avril Haines warned, “I would characterize it as the Russians aren’t winning, and the Ukrainians aren’t winning, and we’re at a bit of a stalemate here.” So, where is the Russia-Ukraine war heading? What is Russian President Putin planning next? Is Europe ready for […]

China is defying global order to expand power, US admiral warns

China is defying global order to expand power, US admiral warns

The Chinese Communist Party and the People’s Liberation Army (PLA) are destabilizing international order in an effort to expand their global power, Adm. John Aquilino, commander of the Indo-Pacific Command, warned lawmakers during a House hearing on Tuesday. In his written testimony submitted to the House Appropriations defense subcommittee, Adm. Aquilino explained that the Department […]

China – Autocracy and decoupling technical tests

China – Autocracy and decoupling technical tests

We have noticed that the embrace with China had become suffocating in the last twenty years. The West universe of consumers and China the factory of the world. We started with modest and low value-added materials and products, to refine the trajectory and revolution to the most refined and complex technologies, such as 5G and […]

Four ways China is growing its media influence in Southeast Asia

Four ways China is growing its media influence in Southeast Asia

As President Biden welcomes leaders of the Association of Southeast Asian Nations to a special summit this week in Washington, D.C., his administration is affirming Beijing as the U.S.’s main rival and underscoring the region’s importance in U.S.-China competition. The two-day event is part of the U.S effort to woo ASEAN members caught in a […]

Confronting Russia will deter China, says Japanese defense minister

Confronting Russia will deter China, says Japanese defense minister

A strong international response to the Russian invasion of Ukraine is critical to deterring China from embarking on territorial conquests in Taiwan or the South China Sea, said Japanese Defense Minister Nobuo Kishi. “China has been carefully observing the current situation of Russia’s aggression against Ukraine and they are paying particularly close attention to what […]

How Russia-Ukraine copied Finland war without lessons

How Russia-Ukraine copied Finland war without lessons

Finland is a unique country with a distinct language and culture. However, its possession was always contested between Sweden and Russia. Though Finland mainly remained under Swedish control in 1809, it was annexed by Russia. Using the end of World War I and the Bolshevik Revolution in late 1917, Finland declared its independence from the […]

China plans system to take out asteroids hurtling toward earth

China plans system to take out asteroids hurtling toward earth

China plans to develop a system for monitoring asteroids that pose a threat to earth, highlighting the nation’s growing ambitions for its space program. The country will also explore ways for taking out asteroids that endanger the planet, Wu Yanhua, deputy director of the China National Space Administration, said in a TV interview, according to […]

Russia-Japan tensions flare anew over the Kurils

Russia-Japan tensions flare anew over the Kurils

Formally, Russia is not at war with Ukraine, where it claims to be conducting a so-called “special military operation.” But with Japan, given that Moscow and Tokyo never signed a peace treaty officially ending World War II, the two Asian neighbors remain technically at war. And after Japan recently described four Kuril islands whose ownership […]

Solomon Islands has Washington in state of alarm after a security pact with China

Solomon Islands has Washington in state of alarm after a security pact with  China

A tiny island chain in the South Pacific has Western governments scrambling after it agreed to a security pact with China that the United States and its allies fear could enhance Beijing’s military power in this strategically important region.  The deal between China and the Solomon Islands, a nation of 700,000 people that had deadly […]

China says its ‘future helicopters’ will be equipped with ground-breaking technologies

China says its ‘future helicopters’ will be equipped with ground-breaking technologies

Militaries all around the world are looking at integrating modern technology into their military weapons. China, as usual, appears to be making serious efforts to prepare for the future battleground, this time, with plans to include artificial intelligence and high-speed features in its future choppers. During a recent public lecture, a prominent Chinese military helicopter […]

%d bloggers like this: