From Louisiana to … The canal was a technological marvel and an important strategic and economic asset to the US. Eleven days into Arias’s … The new Panamanian government authorized French businessman Philippe Bunau-Varilla, to negotiate a treaty with the United States. The Panama Canal is an artificial, 50 mile long waterway across the Isthmus of Panama that connects the Atlantic and Pacific oceans. The Panama Canal’s importance is threefold: For Panamanians, the Panama Canal is not only a major source of revenue for the Public Treasury —contributing a billion dollars a year— but also a symbol of national sovereignty after Panama’s long and hard-fought struggle to reclaim its national territory —the Canal included— from the United States of America. Interesting Facts About the Panama Canal. did malaria affect the Panama Canal Firstly, the Panama Canal was revolutionary because of its commercial value. Why The Panama Canal Essay The expansion added a new third lane, which doubled the canal's capacity. Home > Why Panama. Why is the Panama Canal important to world trade? The Panama Canal is important because it serves as a significant shortcut between Pacific ports and Atlantic destinations. Thus, according to the section “Did You Know?” “When the Panama Canal opened to traffic, the United States had spent $352 million” ( Make the dirt fly, 2014).
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