The economic importance of the Panama Canal is so great still to this day that most cannot wrap their minds around it. Not only is the Panama Canal important for the people of Panama because it creates jobs and income for the country. It is economically important to the whole world. The Canal transports 4 percent of world flock and 16 percent of total United States borne trade. Virtually all countries use the Panama Canal.
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The top five countries that use the canal in order are the United States of America, Peoples Republic of China, Japan, Chili, and confederation Korea. Between 12,000 and 15,000 ships cross the Panama Canal every stratum which comes out to be about 40 a day.
The maiden time America had anything to do with the area of the canal was in 1850 which is when the Clayton-Bulwer Treaty was signed. President Zachary Taylors secretary of state, John M. Clayton, met with a British representative, Sir Henry Bulwer, to discuss a potentially difficult issue in Central America. Both powers had studied the opening move of constructing a canal to link the Atlantic and Pacific oceans...If you privation to get a full essay, order it on our website: Ordercustompaper.com
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