Flag of Panama and law in the country; and together the stars stand for the new republic. Flag of Panama The flag of Panama was made by María de la Ossa de Amador and was officially adopted by the "ley 48 de 1925". The Panamanian flag day is celebrated on November 4, one day after Panamanian separation from Colombia, and is one of a series of holidays celebrated in November known as the Fiestas Patrias. The first flag proposed in 1903 consisted of thirteen horizontal stripes of alternating red and yellow, with a blue canton containing two golden suns, joined by a narrow
Martyrs' Day (Panama) be a significant factor in the U.S. decision to transfer control of the Canal Zone to Panama through the 1977 Torrijos–Carter Treaties. After Panama gained independence from Colombia in 1903, with the assistance of the U.S., there was resentment amongst some Panamanians as a result of the Hay–Bunau-Varilla Treaty, which ceded control of the Panama Canal Zone to the U.S. "in perpetuity" in exchange for a 10 million dollar initial payment and yearly 250 thousand dollar payments thereafter. In addition, the United States Government purchased title to all the lands in the Canal Zone from the private owners. The Canal