Panama

Country Panama
Capital Panama City
Continent North America(Central America)
Currency Balboa(PAB) & United States dollar(USD)
Languages Spanish

Panama City

Information

Introduction

Explored and settled by the Spanish in the 16th century, Panama broke with Spain in 1821 and joined a union of Colombia, Ecuador, and Venezuela - named the Republic of Gran Colombia. When the latter dissolved in 1830, Panama remained part of Colombia. With US backing, Panama seceded from Colombia in 1903 and promptly signed a treaty with the US allowing for the construction of a canal and US sovereignty over a strip of land on either side of the structure (the Panama Canal Zone). The Panama Canal was built by the US Army Corps of Engineers between 1904 and 1914. In 1977, an agreement was signed for the complete transfer of the Canal from the US to Panama by the end of the century. Certain portions of the Zone and increasing responsibility over the Canal were turned over in the subsequent decades. With US help, dictator Manuel NORIEGA was deposed in 1989. The entire Panama Canal, the area supporting the Canal, and remaining US military bases were transferred to Panama by the end of 1999. In October 2006, Panamanians approved an ambitious plan (estimated to cost $5.3 billion) to expand the Canal. The project, which began in 2007 and could double the Canal's capacity, is expected to be completed in 2014-15.

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References

Panama - Wikipedia
Panama - CIA World Fact Book
Panama - BBC
Panama - Timeline - BBC

Cities

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News Headlines

Google News
Queen Mary 2 Makes Historic First Transit Through the Panama Canal - PR NewswireQueen Mary 2 Makes Historic First Transit Through the Panama Canal  PR Newswire

A Future with Quality Jobs and Less Poverty in Panama - World BankA Future with Quality Jobs and Less Poverty in Panama  World Bank

The Panama Canal proves one lesson America needs now: Never quit - Fox NewsThe Panama Canal proves one lesson America needs now: Never quit  Fox News

The Battle Over Who Runs the Panama Canal Ports Is About to Be Decided - The Wall Street JournalThe Battle Over Who Runs the Panama Canal Ports Is About to Be Decided  The Wall Street Journal

How US intervention in Venezuela mirrors its actions in Panama in 1989 - The ConversationHow US intervention in Venezuela mirrors its actions in Panama in 1989  The Conversation

Prediction markets show rising odds Trump seizes Panama Canal, moves on Greenland - CNBCPrediction markets show rising odds Trump seizes Panama Canal, moves on Greenland  CNBC

All hail the Panama Canal, a frontline in the US-China trade war - Asia TimesAll hail the Panama Canal, a frontline in the US-China trade war  Asia Times

Venezuela Isn’t Panama—No Matter How Much Trump Wishes It Were - Time MagazineVenezuela Isn’t Panama—No Matter How Much Trump Wishes It Were  Time Magazine

Panama Canal ports deal at risk after China’s Cosco demands majority stake - Financial TimesPanama Canal ports deal at risk after China’s Cosco demands majority stake  Financial Times

Maduro joins Iraq’s Saddam, Panama’s Noriega as latest leader taken by US - Al JazeeraMaduro joins Iraq’s Saddam, Panama’s Noriega as latest leader taken by US  Al Jazeera