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04/05/1904 The United States takes over construction of Panama Canal

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History Brief: Theodore Roosevelt and the Panama Canal

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U.S. History of the Panama Canal

In 1904, The United States took over work on the Panama Canal from the French, purchasing equipment and excavations, including the Panama Railroad, for US $40 million. The United States also paid the new country of Panama $10 million and a $250,000 payment each following year.
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    • Essentials 

    • History 

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    • Issues leading to expansion 

    • Third set of locks project (expansion) 

    • Panama Canal Honorary Pilots