Acquisition of the Panama Canal Zone
At a glance:
- Series: Great Events from History: North American Series
- Categories: Diplomacy, International Relations, Foreign Affairs, Technology, Inventions, Economics, Land Acquisition and Expansion, Territory Redistribution
- Subcategories: Engineering, Engineers, Treaties, Agreements, Negotiations, Transportation
- Curriculum: American History 1901-1950, Latin American History
- Geographical Location: Central America, Panama
- Date: November 18, 1903
Article abstract: The U.S. agreement to build a transoceanic canal revolutionizes transportation and shipping.
Summary of Event
On November 18, 1903, the minister of the new Republic of Panama, Philippe Bunau-Varilla, and the U.S. secretary of state, John Hay, signed the Hay-Bunau-Varilla Treaty. By the terms of the treaty, the United States agreed to pay $10 million cash and an annual rental fee of $250,000 in return for a canal zone ten miles wide that was to grant “to the United States in perpetuity the use, occupation and control.” The United...
[The entire page is 1730 words long]
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