The Panama Canal The bridge that sped up trade routes and secured Latin American influence. By: Kayla Date and reason for building The Panama Canal opened up on August 15th, 1914. It was built so Europeans could trade with countries in the eastern and southern parts of Asia. It was an easier and faster route for traveling that shortens the trip through the canal only 15-20 hours long. Why? The Panama Canal was built by the United States who signed a treaty with panama to ensure that they would get full access of it was built. It was supposed ot be built in Nicaragua. However it had a variety of dangerous volcanoes that could ruin the Canal. Panama was a safer choice. The Impact The Canal was large enough to move larger ships without getting damaged and gave the city of Panama a lot of money. The US made itself look selfless and looked like it wants to help the world which advanced civilization. The Panamanians did a great job at running the canal and it became very profitable. Pros and Cons Pro: It was a National Defense Project that protected invaders coming in from the Atlantic or Pacific ocean. It was an easy way to carry tons of supplies back and forth instead of going all the way around South America. Con: It cost $375 Million to build the canal without knowing if it would even succeed in the year of 1914 was a lot of money. Pros and Cons Pro: Panama became a friend to the United States which gave America a major income service because Panama is such a small place that they use American money. Con: Panama is able to elect officers for their country and this became a threat to the United States because this could interfere with the security and economy of the United States in the future. The United States could possibly lose control of Panama. Control today Panama has full control of the Canal today because they created the Panama Canal Treaty which gave them full control of the Canal. The traffic is become very busy and ships are having to wait in line for too long too get through so more ships just travel around South America. Was it worth it? Even though more than 25,000 workers died in the construction of the canal, it was a smart decision to build the Canal. Between 13,000 and 14,000 ships go through the canal every year and it is one of the main money suppliers for the country of Panama. The United States made this Canal to protect themselves and to ally with Panama. Works Citied "American Experience: TV's Most-watched History Series." PBS. PBS, n.d. Web. 19 Mar. 2015. "Building the Panama Canal, 1903–1914 - 1899–1913 - Milestones - Office of the Historian." Building the Panama Canal, 1903–1914 - 1899–1913 - Milestones - Office of the Historian. N.p., n.d. Web. 11 Feb. 2015. Rosenberg, Matt. "Panama Canal - History and Overview." N.p., n.d. Web. 13 Mar. 2015. "7 Fascinating Facts About the Panama Canal." History.com. A&E Television Networks, 15 Aug. 2014. Web. 08 Mar. 2015.
© Copyright 2026 Paperzz