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The Panamรก Canal 
The history of the Panama Canal goes back to the early 
explorers of America. The narrow land bridge between North 
and South America offered a unique opportunity to create a 
water passage between the Atlantic and Pacific oceans. The 
first settlers of Central America recognized the potential of the 
waterway and several times since its construction plans were 
outlined. 
At the end of the 1800s serious beginning construction, due 
to the enormous technological advances and the insistence of 
investors were given. France was the first to take the 
initiative to build a sea level canal, but failed, even after doing 
a lot of digging. The United States took advantage of this 
French effort which resulted in the present Panama Canal 
opened in 1914, The Republic of Panama established its 
independence, by its separation from Colombia in 1903. 
Today, the Panama Canal remains a profitable commercial 
enterprise and also maintains its fundamental performance of 
maritime connection. The strategic location of the Panama 
Canal and the short distance between the Atlantic and Pacific 
oceans, has led for many years other attempts to copy the 
marketing route between the two oceans. Although initial 
plans between an overland route that would connect the ports 
between the Atlantic and Pacific oceans, speculation about a 
possible channel is plotted, it goes back to the first European 
explorations of the Americas. The victorious Panamanians 
returned the favor to Roosevelt by allowing the United States
control of the Panama Canal Zone on February 23, 1904, in 
the amount of 10 million dollars (as stipulated in the Hay- 
Bunau-Varilla signed on November 18, 1903). 
The Isthmus of Panama and was used by Native Americans 
before the arrival of Europeans in the fifteenth century to the 
displacement between the Atlantic and Pacific coasts. The first 
European explorers discovered ancient roads through the 
isthmus, used by pre-Columbian civilizations and Wounaan 
peoples and Gnabe.
Some 35 ships pass daily through the isthmus, leaving the 
Central American country daily income of about $ 6 million. In 
an exclusive interview with Dinero.com. Jorge Quijano, 
administrator of the Panama Canal Authority (ACP) revealed 
details of what will come after its enlargement. 
The history of the Panama Canal to the first Spanish explorers 
back in America, because the thin strip of land, the Isthmus 
of Panama, is an ideal place to create a passage for shipping 
between the Pacific and Atlantic. In the early sixteenth 
century Central Colon sail looking for a passageway on his 
fourth voyage and also the area attract the attention of 
Hernรกn Cortรฉs. 
In 1514, Vasco Nรบรฑez de Balboa, the first European explorer 
to see the eastern Pacific, built a route used to transport their 
ships from Santa Marรญa la Antigua del Dariรฉn on the Atlantic 
coast of Panama Bay in San Miguel Pacific. This route was 
from 50 to 65 km long, but it was quickly abandoned. In 
November 1515, Captain Antonio Tello de Guzmรกn discovered 
a road that crossed the isthmus from Panama to the Gulf of 
Panama, near the abandoned town of Nombre de Dios. This 
route had been used by natives for centuries and was viable. 
Was improved and paved by the Spaniards and became El 
Camino Real. The road was used to transport the gold to 
Portobelo and from there take it to Spain and became the first 
major route istmo.8 The first Portuguese navigator Ferdinand 
Magellan, who sailed for the King of Spain Carlos I, find a way 
between the two oceans, the Strait of Magellan in 1520, but 
the trip showed that the road was too dangerous and had also 
to sail almost to the southern tip of the American continent,
so there was a need to find another way easy to reach Sur.9 
Seas in 1524, King Charles I suggested digging a canal 
somewhere in Panama that would make travel to Peru were 
shorter and allow ships avoid the Horn and its dangers, 
especially for the transport of gold. A first draft was made 
1529, but the political situation in Europe and the 
technological level of the time made it impossible. The road to 
Portobelo the Pacific had its first problems in 1533 and Gaspar 
de Espinosa recommended to the king to build a new route. 
His plan is to build a road from the city of Panama, the Pacific 
terminus in the Camino Real and the town of Cruces, on the 
banks of the Chagres River and 30 km from Panama. Once in 
the Chagres River, cargo is transported on ships to the 
Caribbean Sea. The road was built and called the Camino de 
Cruces and Las Cruces trail. At the mouth of the Chagres 
River, the small town of Chagres is enriched and the fortress 
of San Lorenzo was built on a promontory overlooking the 
entire area. Chagres, loads were transported to the 
warehouse of the king in Portobelo. This is where for more 
than two centuries performed the famous Portobello Fair, 
which consisted of large exchanges between the southern part 
of the continent (Viceroyalty of Peru) and the great Spanish 
crown. The route lasted several hundred years and was even 
widely used in 1840 as a result of the California gold rush.

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The panama canal 12

  • 1. The Panamรก Canal The history of the Panama Canal goes back to the early explorers of America. The narrow land bridge between North and South America offered a unique opportunity to create a water passage between the Atlantic and Pacific oceans. The first settlers of Central America recognized the potential of the waterway and several times since its construction plans were outlined. At the end of the 1800s serious beginning construction, due to the enormous technological advances and the insistence of investors were given. France was the first to take the initiative to build a sea level canal, but failed, even after doing a lot of digging. The United States took advantage of this French effort which resulted in the present Panama Canal opened in 1914, The Republic of Panama established its independence, by its separation from Colombia in 1903. Today, the Panama Canal remains a profitable commercial enterprise and also maintains its fundamental performance of maritime connection. The strategic location of the Panama Canal and the short distance between the Atlantic and Pacific oceans, has led for many years other attempts to copy the marketing route between the two oceans. Although initial plans between an overland route that would connect the ports between the Atlantic and Pacific oceans, speculation about a possible channel is plotted, it goes back to the first European explorations of the Americas. The victorious Panamanians returned the favor to Roosevelt by allowing the United States
  • 2. control of the Panama Canal Zone on February 23, 1904, in the amount of 10 million dollars (as stipulated in the Hay- Bunau-Varilla signed on November 18, 1903). The Isthmus of Panama and was used by Native Americans before the arrival of Europeans in the fifteenth century to the displacement between the Atlantic and Pacific coasts. The first European explorers discovered ancient roads through the isthmus, used by pre-Columbian civilizations and Wounaan peoples and Gnabe.
  • 3. Some 35 ships pass daily through the isthmus, leaving the Central American country daily income of about $ 6 million. In an exclusive interview with Dinero.com. Jorge Quijano, administrator of the Panama Canal Authority (ACP) revealed details of what will come after its enlargement. The history of the Panama Canal to the first Spanish explorers back in America, because the thin strip of land, the Isthmus of Panama, is an ideal place to create a passage for shipping between the Pacific and Atlantic. In the early sixteenth century Central Colon sail looking for a passageway on his fourth voyage and also the area attract the attention of Hernรกn Cortรฉs. In 1514, Vasco Nรบรฑez de Balboa, the first European explorer to see the eastern Pacific, built a route used to transport their ships from Santa Marรญa la Antigua del Dariรฉn on the Atlantic coast of Panama Bay in San Miguel Pacific. This route was from 50 to 65 km long, but it was quickly abandoned. In November 1515, Captain Antonio Tello de Guzmรกn discovered a road that crossed the isthmus from Panama to the Gulf of Panama, near the abandoned town of Nombre de Dios. This route had been used by natives for centuries and was viable. Was improved and paved by the Spaniards and became El Camino Real. The road was used to transport the gold to Portobelo and from there take it to Spain and became the first major route istmo.8 The first Portuguese navigator Ferdinand Magellan, who sailed for the King of Spain Carlos I, find a way between the two oceans, the Strait of Magellan in 1520, but the trip showed that the road was too dangerous and had also to sail almost to the southern tip of the American continent,
  • 4. so there was a need to find another way easy to reach Sur.9 Seas in 1524, King Charles I suggested digging a canal somewhere in Panama that would make travel to Peru were shorter and allow ships avoid the Horn and its dangers, especially for the transport of gold. A first draft was made 1529, but the political situation in Europe and the technological level of the time made it impossible. The road to Portobelo the Pacific had its first problems in 1533 and Gaspar de Espinosa recommended to the king to build a new route. His plan is to build a road from the city of Panama, the Pacific terminus in the Camino Real and the town of Cruces, on the banks of the Chagres River and 30 km from Panama. Once in the Chagres River, cargo is transported on ships to the Caribbean Sea. The road was built and called the Camino de Cruces and Las Cruces trail. At the mouth of the Chagres River, the small town of Chagres is enriched and the fortress of San Lorenzo was built on a promontory overlooking the entire area. Chagres, loads were transported to the warehouse of the king in Portobelo. This is where for more than two centuries performed the famous Portobello Fair, which consisted of large exchanges between the southern part of the continent (Viceroyalty of Peru) and the great Spanish crown. The route lasted several hundred years and was even widely used in 1840 as a result of the California gold rush.