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The experience of Suez was no use here and the only advantage now was the distance. Everything else was immensely difficult. The task at Panama was a nightmare compared to what they had to do in Suez. ("Actual digging")
Therefore, financial support was limited. "In 1889, de Lesseps' company was liquidated in order to pay back investors and banks" (Jones) from which the company had borrowed, De Lesseps' company went bankrupt after suffering losses totaling $325 million and stock prices falling ("Panama Canal")...
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"In 1889, de Lesseps' company was liquidated in order to pay back investors and banks" (Jones) from which the company had borrowed, De Lesseps' company went bankrupt after suffering losses totaling $325 million and stock prices falling ("Panama Canal"). The appraisal of the company's belongings included: equipment, maps, and the value of the land already excavated ("Historical Overview")...
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General points of the essay
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