Who Obtained The Panama Canal

The United States obtained the Panama Canal because President Roosevelt was exceedingly resolute to acquire a waterway that would enable the U.S. Navy to sail rapidly between the Atlantic and Pacific oceans. This would strengthen the Navy and, in return, satisfy his goal to expand American power in the world. The only possible locations for the canal were Panama and Nicaragua. Constructing a canal in Panama would cost less money to complete; however, the land would have to be purchased from a French company. The company’s demanding price was outrageously exorbitant, therefore, Nicaragua became the better choice. Because of that, the French company lowered the price of the land seeing as they still wanted some money. A decision had to be made