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.
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.