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Who really owns the Panama Canal today? The story of this iconic waterway is one of geopolitical strategy, independence, and international agreements. At the beginning of the 20th century, the United States sought to build a canal to shorten the journey between the Atlantic and Pacific Oceans. But there was a problem: Panama was part of Colombia, and Colombia refused to allow the canal's construction.
The U.S. took bold action, supporting Panama's independence in 1903. In return, Panama granted the U.S. control over a 10-mile-wide strip of land known as the Panama Canal Zone. The U.S. built and owned the canal until 1999, when the Torrijos-Carter Treaty transferred control back to Panama. However, the canal's neutrality remains guaranteed by the treaty, allowing the U.S. to intervene if its neutrality is threatened.
Learn the full history behind one of the world's most critical trade routes in this fascinating dive into the ownership of the Panama Canal!
#HistoricVibes #PanamaCanal #HistoryExplained
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Transcript:
Who really owns the Panama Canal !?
At the beginning of 20th century, The united states wanted to build a canal to shorten the journey between the Atlantic and Pacific Ocean with 11,000 km on the current territory of Panama, but at that time, Panama was still part of the Republic of Columbia. Because the Colombian government didn’t allowed the U.S. to build the canal on it’s territory, The united states decided to help Panama get it’s independence from Colombia which finally happened in 1903. Starting with 1904, Panama gave the U.S. control over a 10 mile wide strip of land to allow them to build the canal.
This piece of land was basically U.S. territory.
The U.S. owned the Panama Canal Zone and the canal itself until 1999 when they agree to transfer both the canal and the canal zone to Panama.
The neutrality of the canal is guaranteed by the treaty of Torrijos-Carter, which, because Panama has no military, allows the United States to intervene in case the canal neutrality is under threat.
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