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| Topic: |
History
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| Number of pages / Number of words: |
4 / 1010 |
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United States interest in a Atlantic-Pacific canal however continued. In 1899 the United States congress created an Isthmian Canal commission to examine the possibilities of a Central American canal and to recommend a route. The commission 1st decided on the Nicaragua route, but reversed its decision in 1902 when the reorganization Lesseps company offered its assets to the United States at the price of $ 40 million...
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The united States government negotiated with the Colombian government to obtain a strip of land 9.5 km wide across the isthmus, but the Colombian Senate refused to ratify this concession. In 1903 , however , Panama revolted from Colombia. That same year the United States and the new state of Panama signed the Hay - Bunau - Varilla Treaty by which the United States guaranteed the independence of Panama and secured a perpetual lease on a 16 - km strip for the canal...
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