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natulia [17]
1 year ago
3

How the Panama canal impacted foreign relations and economic growth

History
1 answer:
Serggg [28]1 year ago
3 0

These returns were mostly the result of the transfer of petroleum from California to the East Coast.

<h3>What is economic growth?</h3>

Economic growth is the rise or improvement in the market value of the goods and services generated by an economy over a predetermined period of time, adjusted for inflation.

The opening of the Panama Canal, which made it considerably quicker and simpler to travel between the Atlantic and Pacific Oceans, transformed world trade more than a century ago.

One of the biggest governmental investments at the period was the Panama Canal. The Canal gave the United States enormous social dividends over the first ten years of its operation. The transportation of petroleum from California to the East Coast was largely to blame for these returns.

Learn more on Panama economic growth here: brainly.com/question/19671028

#SPJ1

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