Specifically, navel fleets were sent to the city of Colón, on the Atlantic side of the continent, and Panama City on the pacific side (“Building the Panama Canal, 1903–1914,” 1911). Partly due to United States assistance, “Panama declared independence on November 3, 1903 (“Building the Panama Canal, 1903–1914,” 1911).” Shortly after, negotiations for building a canal in Panama began, and in 1903, the Hay-Bunau-Varilla Treaty was negotiated (“Building the Panama Canal, 1903–1914,” 1911). The Hay-Bunau-Varilla Treaty was an agreement between the United States and Panama that “provided the United States with a 10-mile wide strip of land for the canal,” in exchange for a one-time payment of ten million dollars to Panama, as well as an additional yearly payment of $250,000, and a guarantee by the United States that Panama would remain an independent nation. The canal was formally completed in 1914 (“Building the Panama Canal, 1903–1914,” 1911). However, over the years United States control of the canal began to raise tensions between the two
Specifically, navel fleets were sent to the city of Colón, on the Atlantic side of the continent, and Panama City on the pacific side (“Building the Panama Canal, 1903–1914,” 1911). Partly due to United States assistance, “Panama declared independence on November 3, 1903 (“Building the Panama Canal, 1903–1914,” 1911).” Shortly after, negotiations for building a canal in Panama began, and in 1903, the Hay-Bunau-Varilla Treaty was negotiated (“Building the Panama Canal, 1903–1914,” 1911). The Hay-Bunau-Varilla Treaty was an agreement between the United States and Panama that “provided the United States with a 10-mile wide strip of land for the canal,” in exchange for a one-time payment of ten million dollars to Panama, as well as an additional yearly payment of $250,000, and a guarantee by the United States that Panama would remain an independent nation. The canal was formally completed in 1914 (“Building the Panama Canal, 1903–1914,” 1911). However, over the years United States control of the canal began to raise tensions between the two