Panama hat miners of the California Gold Rush traveled to California via the Isthmus of Panama and Pacific Mail Steamship Company. In 1906 , U.S. President Theodore Roosevelt visited the construction site of the Panama Canal and was photographed wearing a Panama hat, which further increased the hats' popularity. Although the Panama hat continues to provide a livelihood for thousands of Ecuadorians, fewer than a dozen weavers capable of making the finest "Montecristi superfinos" remain. Production in Ecuador is dwindling, due to economic problems in Ecuador and competition from Chinese hat producers. The tamsui hat was a straw hat made in Formosa
Panama hat as "Montecristis", after the town of Montecristi, where they are produced. The rarest and most expensive Panama hats are hand-woven with up to 3000 weaves per square inch. In February 2014, Simon Espinal, an Ecuadorian 47-year-old Panama hat weaver considered to be among the best at his craft, set a world record by creating a Panama hat with four thousand weaves per inch that took eight months to handcraft from beginning to end. According to popular lore, a "superfino" Panama hat can hold water, and, when rolled up, pass through a wedding ring. Despite their name, Panama hats have never