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


History Brief: Theodore Roosevelt and the Panama Canal


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