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Author: Noel Maurer Publisher: Princeton University Press ISBN: 0691248079 Category : Business & Economics Languages : en Pages : 440
Book Description
An incisive economic and political history of the Panama Canal On August 15, 1914, the Panama Canal officially opened for business, forever changing the face of global trade and military power, as well as the role of the United States on the world stage. The Canal's creation is often seen as an example of U.S. triumphalism, but Noel Maurer and Carlos Yu reveal a more complex story. Examining the Canal's influence on Panama, the United States, and the world, The Big Ditch deftly chronicles the economic and political history of the Canal, from Spain's earliest proposals in 1529 through the final handover of the Canal to Panama on December 31, 1999, to the present day. The authors show that the Canal produced great economic dividends for the first quarter-century following its opening, despite massive cost overruns and delays. Relying on geographical advantage and military might, the United States captured most of these benefits. By the 1970s, however, when the Carter administration negotiated the eventual turnover of the Canal back to Panama, the strategic and economic value of the Canal had disappeared. And yet, contrary to skeptics who believed it was impossible for a fledgling nation plagued by corruption to manage the Canal, when the Panamanians finally had control, they switched the Canal from a public utility to a for-profit corporation, ultimately running it better than their northern patrons. A remarkable tale, The Big Ditch offers vital lessons about the impact of large-scale infrastructure projects, American overseas interventions on institutional development, and the ability of governments to run companies effectively.
Author: Noel Maurer Publisher: Princeton University Press ISBN: 0691248079 Category : Business & Economics Languages : en Pages : 440
Book Description
An incisive economic and political history of the Panama Canal On August 15, 1914, the Panama Canal officially opened for business, forever changing the face of global trade and military power, as well as the role of the United States on the world stage. The Canal's creation is often seen as an example of U.S. triumphalism, but Noel Maurer and Carlos Yu reveal a more complex story. Examining the Canal's influence on Panama, the United States, and the world, The Big Ditch deftly chronicles the economic and political history of the Canal, from Spain's earliest proposals in 1529 through the final handover of the Canal to Panama on December 31, 1999, to the present day. The authors show that the Canal produced great economic dividends for the first quarter-century following its opening, despite massive cost overruns and delays. Relying on geographical advantage and military might, the United States captured most of these benefits. By the 1970s, however, when the Carter administration negotiated the eventual turnover of the Canal back to Panama, the strategic and economic value of the Canal had disappeared. And yet, contrary to skeptics who believed it was impossible for a fledgling nation plagued by corruption to manage the Canal, when the Panamanians finally had control, they switched the Canal from a public utility to a for-profit corporation, ultimately running it better than their northern patrons. A remarkable tale, The Big Ditch offers vital lessons about the impact of large-scale infrastructure projects, American overseas interventions on institutional development, and the ability of governments to run companies effectively.
Author: Marixa Lasso Publisher: Harvard University Press ISBN: 0674984447 Category : History Languages : en Pages : 353
Book Description
The Panama Canal's untold history—from the Panamanian point of view. Sleuth and scholar Marixa Lasso recounts how the canal’s American builders displaced 40,000 residents and erased entire towns in the guise of bringing modernity to the tropics. The Panama Canal set a new course for the modern development of Central America. Cutting a convenient path from the Atlantic to the Pacific oceans, it hastened the currents of trade and migration that were already reshaping the Western hemisphere. Yet the waterway was built at considerable cost to a way of life that had characterized the region for centuries. In Erased, Marixa Lasso recovers the history of the Panamanian cities and towns that once formed the backbone of the republic. Drawing on vast and previously untapped archival sources and personal recollections, Lasso describes the canal’s displacement of peasants, homeowners, and shop owners, and chronicles the destruction of a centuries-old commercial culture and environment. On completion of the canal, the United States engineered a tropical idyll to replace the lost cities and towns—a space miraculously cleansed of poverty, unemployment, and people—which served as a convenient backdrop to the manicured suburbs built exclusively for Americans. By restoring the sounds, sights, and stories of a world wiped clean by U.S. commerce and political ambition, Lasso compellingly pushes back against a triumphalist narrative that erases the contribution of Latin America to its own history.
Author: Ovidio Diaz-Espino Publisher: Primedia E-launch LLC ISBN: 0990552128 Category : History Languages : en Pages : 156
Book Description
How Wall Street Created a Nation: J.P. Morgan, Teddy Roosevelt, and the Panama Canal narrates the dramatic and gripping account of the beginnings of the Panama Canal led by a group of Wall Street speculators with the help of Teddy Roosevelt’s government. The result of four years of research, the book offers the real story of how the United States obtained the rights to build the Canal through financial speculation, fraud, and an international conspiracy that brought down a French republic and a Colombian government, created the Republic of Panama, rocked the invincible President Roosevelt with corruption scandals, and gave birth to U.S. imperialism in Latin America.
Author: Ulrich Keller Publisher: Courier Corporation ISBN: 0486319253 Category : Photography Languages : en Pages : 132
Book Description
This tale of an unprecedented technological advance unfolds in a compelling narrative of risks, hardships, disasters, and triumph. More than 160 historic photographs depict exotic settings, workers' housing, dredging operations, much more.
Author: Margarita Engle Publisher: Houghton Mifflin Harcourt ISBN: 0544109414 Category : Juvenile Nonfiction Languages : en Pages : 275
Book Description
As the Panama Canal turns one hundred, Newbery Honor winner Margarita Engle tells the story of its creation in this powerful new YA historical novel in verse.
Author: Matthew Parker Publisher: Anchor ISBN: 0307472531 Category : History Languages : en Pages : 578
Book Description
The Panama Canal was the costliest undertaking in history; its completion in 1914 marked the beginning of the “American Century.” Panama Fever draws on contemporary accounts, bringing the experience of those who built the canal vividly to life. Politicians engaged in high-stakes diplomacy in order to influence its construction. Meanwhile, engineers and workers from around the world rushed to take advantage of high wages and the chance to be a part of history. Filled with remarkable characters, Panama Fever is an epic history that shows how a small, fiercely contested strip of land made the world a smaller place and launched the era of American global dominance.
Author: Noel Maurer
Author: Noel Maurer
Author: Marixa Lasso
Author: Ovidio Diaz-Espino
Author: Ulrich Keller
Author: Frederic Jennings Haskin
Author: Willis John Abbot
Author: Michael L. Conniff
Author: Margarita Engle
Author: Matthew Parker
Author: F. N. Otis