History of the Panama Canal
During World War II, the canal proved a vital part of the U.S. military strategy, allowing ships to transfer easily between the Atlantic and Pacific. Politically, the Canal remained a territory of the United States until 1977, when the Torrijos–Carter Treaties began the process of transferring territorial control of the Panama Canal Zone to Panama, a process completed on 31 December 1999.
Panama Canal
Numerous canals were built in other countries in the late 18th and early 19th centuries. The success of the Erie Canal in the United States in the 1820s and the collapse of the Spanish Empire in Latin America led to a surge of American interest in building an inter-oceanic canal. Beginning in 1826, US officials began negotiations with Gran Colombia (present-day Colombia, Venezuela, Ecuador, and Panama), hoping to gain a concession for the building of a canal. Jealous of their newly obtained independence and fearing that they would be dominated by an American presence, the president Simón Bolívar and New Granada officials declined American offers. The new nation was politically unstable, and Panama rebelled several times during the 19th century.