when did the french start to build the panama canal
History of the Panama Canal After the 1869 completion of the Suez Canal, France thought that an apparently-similar project to connect the Atlantic and Pacific Oceans could be carried out with little difficulty. In 1876 an international company, La Société internationale du Canal interocéanique, was created to undertake its construction; two years later, it obtained a concession from the Colombian government (since Panama was a Colombian province) to dig a canal across the isthmus.
Economic nationalism While the coining of the term "
Panama Canal A decade later, in 1974, negotiations toward a settlement began and resulted in the Torrijos–Carter Treaties. On September 7, 1977, the treaty was signed by President of the United States Jimmy Carter and Omar Torrijos, de facto leader of Panama. This mobilized the process of granting the Panamanians free control of the canal so long as Panama signed a treaty guaranteeing the permanent neutrality of the canal. The treaty led to full Panamanian control effective at noon on December 31, 1999, and the Panama Canal Authority (ACP) assumed command of the waterway. The Panama Canal remains one of the chief revenue sources for Panama.[56][57]
Panama Canal Zone On February 26, 1904, the Isthmian Canal Convention was proclaimed. In it, the Republic of Panama granted to the United States in perpetuity the use, occupation, and control of a zone of land and land under water for the construction, maintenance, operation, sanitation, and protection of the canal. From 1903 to 1979 the territory was controlled by the United States, which had purchased the land from the private and public owners, built the canal and financed its construction. The Canal Zone was abolished on October 1, 1979, as a term of the Torrijos–Carter Treaties of 1977; the canal itself was under joint U.S.–Panamanian control from 1979 until it was fully turned over to Panama on December 31, 1999.[2]