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.
Explore contextually related video stories in a new eye-catching way. Try Combster now!