How might Balboa and Panama City have benefited from the building of the canal?

History

1 answer:

Marta_Voda [28]3 years ago

7 0

The correct answer to this open question is the following.

Although there are no options attached, we can say the following.

Balboa and Panama City have benefited from the building of the canal in that since the government of Panamaofficially received the operation of the canal in December 1999, it has represented a considerable form of income for Panama, the region, and the value of the Balboa, the official currency of Panama. Many cargo ships use the Panama canal to cross from the Pacific Ocean to the Atlantic Ocean, and vice versa.

But let's have in mind that when the United States took control of the construction of the canal in 1904 after the French could not complete it, United States President Theodore Roosevelt decided that all of the benefits should be for the US. He did not authorize other Panama businessmen to establish businesses in the canal and US military people were hired to finish the construction.

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