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The did America have to gain
What
     Panama Canal
  from the Panama Canal?
1. Describe the process by which America acquired the land rights to the Panama
   Canal zone.

2. What did America have to gain from the Panama Canal? Consider the economic,
   political, scientific, and cultural aspects of this question as they apply both to the
   U.S. and to the world.
My, my such possibilities.
"Panama Canal Profits", New York Times, November 16,1920

 The Canal Record reports that last year the operating expenses of the Panama Canal
 were $6,548,272, and the receipts were $8,935,871, "leaving a profit of $2,387,599.
 [$26,031,514 -2010]" Since the opening of the canal the cost of operation has been
 $36,657,766, and the revenues $34,657,766.

 It is agreeable to know that the canal's last year was its best, and it may confidently be
 expected that the commerce of peace through the Isthmus route will surpass that of
 war. The canal's best years are before it, and it was not built for the sake of profit. It
 would justify its existence even if it did no more than double the efficiency of our fleet.




Time Lapse Voyage
“Panama Canal Profits” New York Times, 1920
1970s
The Panama Canal is used extensively for the transport of material and troops during the
Vietnam War.
On average, over 15,000 ships a year use the canal.

1974
Tolls are raised for the first time from 90 cents to $1.08 per cargo ton.
The following year, the passenger ship Queen Elizabeth II will pay a record toll of
$42,077.88.

1999
The U.S. hands over sovereignty of the Panama Canal to Panama.

2007
Under the 2007 construction plan, the Panama Canal Authority is planning to double the
capacity of the canal.

The project is slated to create up to 45,000 new jobs, increasing employment on the canal
by 10-15%. When construction is completed in 2014, the Panama Canal will be capable of
handling up to 600 million tons of cargo per year and seven additional lockages each day.
By 2025, the Panama Canal is projected to earn more than $6 billion annually.

Canal Expansion
Review the readings. Respond to the prompts. Work in groups.
Write a 5-8 sentence history of the Panama Canal
   1. The Panama Revolution.
      Describe the process by which America acquired the land rights to the Panama
      Canal zone. Why was the American public "confused and very divided" upon
      learning of the revolution in Panama? List arguments for and against.

   2. The path to America's future.
      What did America have to gain from the Panama Canal? Consider the economic,
      political, scientific, and cultural aspects of this question as they apply both to the
      U.S. and to the world.

       In what ways did President Theodore Roosevelt see the canal as "the obvious
       path to America's future"? What is your assessment of Roosevelt's interest in the
       canal? Was he inspired? Arrogant? Visionary? Imperialist? Explain.

Key Terms:
Theodore Roosevelt            Charles de Lessups

John Hay                      Hay-Bunau-Varilla Treaty
Colombia                      Monroe Doctrine

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The Panama Canal

  • 1. The did America have to gain What Panama Canal from the Panama Canal?
  • 2. 1. Describe the process by which America acquired the land rights to the Panama Canal zone. 2. What did America have to gain from the Panama Canal? Consider the economic, political, scientific, and cultural aspects of this question as they apply both to the U.S. and to the world.
  • 3. My, my such possibilities.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9. "Panama Canal Profits", New York Times, November 16,1920 The Canal Record reports that last year the operating expenses of the Panama Canal were $6,548,272, and the receipts were $8,935,871, "leaving a profit of $2,387,599. [$26,031,514 -2010]" Since the opening of the canal the cost of operation has been $36,657,766, and the revenues $34,657,766. It is agreeable to know that the canal's last year was its best, and it may confidently be expected that the commerce of peace through the Isthmus route will surpass that of war. The canal's best years are before it, and it was not built for the sake of profit. It would justify its existence even if it did no more than double the efficiency of our fleet. Time Lapse Voyage “Panama Canal Profits” New York Times, 1920
  • 10. 1970s The Panama Canal is used extensively for the transport of material and troops during the Vietnam War. On average, over 15,000 ships a year use the canal. 1974 Tolls are raised for the first time from 90 cents to $1.08 per cargo ton. The following year, the passenger ship Queen Elizabeth II will pay a record toll of $42,077.88. 1999 The U.S. hands over sovereignty of the Panama Canal to Panama. 2007 Under the 2007 construction plan, the Panama Canal Authority is planning to double the capacity of the canal. The project is slated to create up to 45,000 new jobs, increasing employment on the canal by 10-15%. When construction is completed in 2014, the Panama Canal will be capable of handling up to 600 million tons of cargo per year and seven additional lockages each day. By 2025, the Panama Canal is projected to earn more than $6 billion annually. Canal Expansion
  • 11. Review the readings. Respond to the prompts. Work in groups. Write a 5-8 sentence history of the Panama Canal 1. The Panama Revolution. Describe the process by which America acquired the land rights to the Panama Canal zone. Why was the American public "confused and very divided" upon learning of the revolution in Panama? List arguments for and against. 2. The path to America's future. What did America have to gain from the Panama Canal? Consider the economic, political, scientific, and cultural aspects of this question as they apply both to the U.S. and to the world. In what ways did President Theodore Roosevelt see the canal as "the obvious path to America's future"? What is your assessment of Roosevelt's interest in the canal? Was he inspired? Arrogant? Visionary? Imperialist? Explain. Key Terms: Theodore Roosevelt Charles de Lessups John Hay Hay-Bunau-Varilla Treaty Colombia Monroe Doctrine