Panama Canal
France began work on the canal in 1881, but stopped due to engineering problems and a high worker mortality rate. The United States took over the project in 1904 and opened the canal on August 15, 1914. One of the largest and most difficult engineering projects ever undertaken, the Panama Canal shortcut greatly reduced the time for ships to travel between the Atlantic and Pacific Oceans, enabling them to avoid the lengthy, hazardous Cape Horn route around the southernmost tip of South America via the Drake Passage or Strait of Magellan.
History of the Panama Canal
The Panama Canal continues to be a viable commercial venture and a vital link in world shipping, and continues to be periodically updated and maintained. The Panama Canal expansion project started construction in 2007 and began commercial operation on 26 June 2016. The new locks allow transit of larger Post-Panamax and New Panamax ships, which have a greater cargo capacity than the original locks could accommodate.