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Panama Canal turned over to Panama 1999
On this day in 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 922,000 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.
(More Events on This Day in History)
-
American Revolution
- 1775 Patriots are defeated at Quebec
-
Automotive
- 1927 Henry Ford publishes the last issue of the Dearborn Independent
-
Civil War
- 1862 Battle of Parker’s Crossroads
-
Cold War
- 1978 United States ends official relations with Nationalist China
-
Crime
- 1984 Subway vigilante turns himself in
-
Disaster
- 1972 Baseball star dies in plane crash
-
General Interest
- 1600 Charter granted to the East India Company
- 1775 Patriots defeated at Quebec
- 1879 Edison demonstrates incandescent light
- 1968 Soviets test supersonic airliner
-
Hollywood
- 1937 Anthony Hopkins born
-
Literary
- 1972 Pete Hamill quits drinking
-
Music
- 1985 Rick Nelson dies in a plane crash
-
Old West
- 1943 John Denver born in New Mexico
-
Presidential
- 1961 Kennedy and Khrushchev exchange holiday greetings
-
Sports
- 1972 Plane carrying Roberto Clemente crashes
-
Vietnam War
- 1968 Bloodiest year of the war ends
- 1971 U.S. annual casualty figures down
- 1972 U.S. and communist negotiators prepare to return to the Paris talks
-
World War I
- 1880 American general and diplomat George C. Marshall is born
-
World War II
- 1944 Hungary declares war on Germany
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