Panama Canal Zone
The Panama Canal Zone () was an unincorporated territory of the United States from 1903 to 1979, centered on the Panama Canal and surrounded by the Republic of Panama. The zone consisted of the canal and an area generally extending on each side of the centerline, excluding Panama City and Colón, which otherwise would have been partly within the limits of the Zone. Its border spanned three of Panama's provinces. When reservoirs were created to assure a steady supply of water for the locks, those lakes were included within the Zone.
Philippe Bunau-Varilla
After the Panama Canal Company went bankrupt in 1888 amidst charges of fraud, Bunau-Varilla was left stranded in Panama. He struggled to find a new way to construct the canal. When the New Panama Canal Company sprang up back in his native France, Bunau-Varilla sailed home, having purchased a large amount of stock. However, as de Lesseps' company had before, the New Panama Canal Company soon abandoned efforts to build the canal. It sold the land in Panama to the United States, in hopes that the company would not fail entirely. U.S. President Grover Cleveland, an anti-imperialist, avoided the canal issue. When the more supportive Theodore Roosevelt became president (succeeding William McKinley), canal planning resumed in the United States.