Panama Canal

The Panama Canal has affected the outcome of the United States in many ways such as the economy and alliances with different countries around the world. The Canal has not only affected the United States economy in a huge way, it has also increased revenue in Panama. Even though there were major disputes in the construction of the Canal, without it the Unites States would not play as big as a role in trading as it does today. The Canal is a primary way of travel for trading around the world. The Panama Canal changed the way America was viewed by the world because it became a major economic power. To make the Canal more successful in October of 2006 the citizens of Panama voted to expand the Canal to allow for bigger ships and more trading. After the Canal undergoes construction it will be even more useful then it is today.
The Panama has affected the outcome of the United States in many ways such as the economy and alliances with different countries around the world. The United States received most of the benefits, however Panama was expected too. The Panama Canal’s greatest profit was its effect of the trading between the west and east coast of the United States (http://hbswk.hbs.edu Maurer and Yu March 23 2011). Over 10% of United States shipping goes through the Canal daily, providing jobs for the U.S citizens because the products were made by U.S workers (http://www.cotf.edu NA March 23 2011). About five percent of the worlds trading goes through the Panama Canal Since the United States operated the canal, tolls were set to cover certain costs but were kept low to encourage canal use. Between 1975 and 1977, the payments reached $2.3 million a year (http://www.photius.com NA March 23 2012). After the Canal was opened for ten years the canal had about 5,000 ships go through it each year. Then, lighting was added in 1966 so ships could travel through the Canal during the night. The tolls original price was 90 cents per cargo ton, then in 1974 they were raised up...