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This analysis explores how imperialism shaped the construction and control of the Suez and Panama Canals. In Egypt, French and British financial involvement led to debt crises and British dominance over the Suez Canal, viewed as the "lifeline of the empire." Similarly, the U.S. sought to control the Panama Canal for efficient navigation between the Pacific and Atlantic Oceans, encouraging Panamanian independence and asserting dominance in Latin America. This study delves into the economic, political, and strategic implications of canal construction under imperialist agendas.
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Imperialism &Canal Building How does imperialism influence the Suez & Panama canals?
Egyptians turn to French to help build the canal • French & Egyptians borrow from British banks, can’t pay debt Suez Canal • Egyptian leader Isma’il creating big debts modernizing Egypt, incl a canal connecting the Mediterranean & Red Sea • British Government buys the debt & gains control of canal (1869), have sphere of influence in Egypt • British see the canal as the “lifeline of the empire”
Panama Canal US needs a shortcut between Pacific & Atlantic • . • Canal is proposed in the Colombian province of Panama • US offers Colombia $10 million for land – Colombia wants more • US encourages Panamanians to rebel against Colombia • With help from US Navy, Panama gains independence, gives US free land to build & allows US to own the canal • US becomes “Colossus of the North” • Roosevelt Corollary (Big Stick Policy) allows US to be police of Western Hemisphere
Read Page 386: Panama Canal (including the facts) – USE COMPLETE SENTENCES http://www.youtube.com/watch?v=fA-pnN54uPw&annotation_id=annotation_655031&feature=iv • What oceans does the Panama canal connect? • How high are ships raised in the three locks? • What are the names of the three series of locks? • How long is the canal? • How long did it take to build and how much did it cost? • What caused many of the workers to die when building the canal? • How many miles does the canal save a ship (ex: SF to NY)? • Do you think the canal helped world trade? Why?