Panama_Canal

Panama Canal On February 1, 1881, driven by patriotic fervor and capitalized by over 100,000 mostly small investors, the French Compagnie Universelle du Canal Interocéanique began work on a canal that would cross the Colombian isthmus of Panama and unite the Atlantic and Pacific Oceans. Ferdinand de Lesseps,builder of the Suez Canal, led the project. His plan called for a sea-level canal to be dug along the path of the Panama Railroad. Some fifty miles in length, the canal would be less than half as long as the Suez. De Lesseps estimated that the job would cost about $132 million, and take twelve years to complete. Europeans had dreamed of a Central American canal as early as the 16th century; President Ulysses S. Grant sent seven expeditions to study the feasibility of such a work. As travel and trade in the Western hemisphere increased, the need for a canal grew increasingly more obvious. To sail from Atlantic to Pacific, ships navigated around Cape Horn, the treacherous southern extremity of South America. A New York to San Francisco journey measured some 13,000 miles and took months. A canal across Panama would save incalculable miles and man-hours. It would also, Ferdinand de Lesseps believed, canal, panama, french, de, roosevelt, stevens, engineer, work, locks, lesseps, lake, first, men, gatun, chagres, after, yellow, railroad, plan, out, miles, goethals, chief, began, been, across, years, year, world, through, suez, quickly, panamanian, pacific, long