United States territorial acquisitions
The Panama Canal Zone was an unorganized US territory located within the Republic of Panama. It was established under the Hay–Bunau-Varilla Treaty in 1903 and disestablished in 1979 under the Torrijos–Carter Treaties. Panama gained full control over the Panama Canal in 1999.
History of Panama
The Panama Canal was built by the U.S. Army Corps of Engineers between 1904 and 1914; the existing 83-kilometer (50-mi.) lock canal is considered one of the world's great engineering triumphs. On January 5, 1909 the government of Rafael Reyes in Colombia signed and presented to its Congress a treaty that would officially recognize the loss of its former province, but the treaty was not ratified, due to popular and legislative opposition. Negotiations continued intermittently until a new treaty was signed on December 21, 1921 which formally accepted the independence of Panama.