The purpose of The Declaration of Independence, as the aforementioned quotes demonstrate, was to declare independence (something which should be obvious from the title of the document), to show foreign powers that their actions were fully justified, and to persuade citizens in England and the colonies to sympathize with their cause.
Current local time in Panama City, Panama.
In the United States and Canada, this time zone is generically called the Pacific Time Zone (PT). Specifically, it uses Pacific Standard Time (PST) when observing standard time (late autumn to early spring), and Pacific Daylight Time (PDT) when observing daylight saving time (early spring to late autumn). Most of Canada uses daylight saving time.