Panama Canal Impact

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Impact of the Panama Canal
First commissioned in August 15, 1914, the Panama Canal measures 77.1 kilometers and connects the Atlantic and the Pacific Oceans, cutting across the Isthmus of Panama. The operation of the canal is currently under the watch of the Panama Canal Authority. Although it has numerous cultural, social, economic and environmental effects, the most notable impact of the Panama Canal is on the global transshipment sector, which it has served for a century. With its recent expansion, the Canal can now handle 14,000 ships annually. Evidently, because of the Canal, shipping companies have saved costs since they do not have to navigate the southern tip of South America to connect the Atlantic and Pacific Oceans. Eventually, consumers enjoy reduced costs as a result of reduced distance and transportation cost.

The Economic Impact of the Panama Canal
The economic impact of the Panama Canal is best noted in increased jobs and income for individuals, families, and the entire economy of the United States. The main way by which the canal has impacted the US economy is increased export and import travel and trade. In fact, goods are exchanged through the Panama Canal on a daily basis. It is reported that more than 10% of U.S. shipping passes through the Panama Canal. Besides providing avenues for exchanging import and export goods
First, since its commissioning in 1914, the canal has made the USA and Panama, as well as other South American countries inevitably bound. Second, the canal has influenced the politics of the regions it connects, especially Panamanian and US politics. It is worth noting that even before its construction and commissioning, the canal had impacts on the politics of the region. Initially, for the US to construct the canal, it had to engineer the separation and independence of Panama from Colombia in 1903.

The Environmental

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