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Growth and Transformatio3

Growth and Transformatio3 - Panama Canal Zone between the...

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Growth and Transformation After two great wars, the United States comes of age At the turn of the century, what is now Panama was the rebellious northern province of  Colombia. When the Colombian legislature in 1903 refused to ratify a treaty giving the  United States the right to build and manage a canal, a group of impatient Panamanians,  with the support of U.S. Marines, rose in rebellion and declared Panamanian  independence. The breakaway country was immediately recognized by President  Theodore Roosevelt.  Under the terms of a treaty signed that November, Panama  granted the United States a perpetual lease to a 16-kilometer-wide strip of land (the 
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Unformatted text preview: Panama Canal Zone) between the Atlantic and the Pacific, in return for $10 million and a yearly fee of $250,000. Colombia later received $25 million as partial compensation. Seventy-five years later, Panama and the United States negotiated a new treaty. It provided for Panamanian sovereignty in the Canal Zone and transfer of the canal to Panama on December 31, 1999. The completion of the Panama Canal in 1914, directed by Colonel George W. Goethals, was a major triumph of engineering. The simultaneous conquest of malaria and yellow fever made it possible and was one of the 20 th century’s great feats in preventive medicine....
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