Until the arrival of the Spaniards, Panama was occupied by several Indian groups. Panama was the center of Spains new world commercial system until about 1740. In 1821 Panama declared its independence from Spain and then joined the Columbian union immediately to the south. Before the discovery of gold in California in 1848, the construction of the Panama railroad was negotiated. The US entered a convention that guaranteed Panama would remain neutral and that transit across the isthmus would be restricted. The Spanish had thought of building a canal across Panama but the French were the first to try. The work began in 1880 but by 1898 the privately owned company that was to construct the canal went bankrupt and the work stopped. In 1902, the US congress authorized President Theodore Roosevelt to pay $40 million for the assets of the French company and complete the construction of the canal. The next year the president of Columbia agreed to transfer a piece of land for the canal to......

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Title: Us Invasion Of Panama
Approximate Word Count: 3102
Approximate Pages: 13 (250 words per double-spaced page)

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