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.
Overseas Railroad
After the United States announced in 1905 the construction of the Panama Canal, Flagler became particularly interested in linking Key West to the mainland. Key West, the United States' closest deep-water port to the Canal, could not only take advantage of Cuban and Latin American trade, but the opening of the Canal would allow significant trade possibilities with the West Coast.