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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: 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: Julie Greene Publisher: Penguin ISBN: 1101011556 Category : History Languages : en Pages : 520
Book Description
A revelatory look at a momentous undertaking-from the workers' point of view The Panama Canal has long been celebrated as a triumph of American engineering and ingenuity. In The Canal Builders, Julie Greene reveals that this emphasis has obscured a far more remarkable element of the historic enterprise: the tens of thousands of workingmen and workingwomen who traveled from all around the world to build it. Greene looks past the mythology surrounding the canal to expose the difficult working conditions and discriminatory policies involved in its construction. Drawing extensively on letters, memoirs, and government documents, the book chronicles both the struggles and the triumphs of the workers and their families. Prodigiously researched and vividly told, The Canal Builders explores the human dimensions of one of the world's greatest labor mobilizations, and reveals how it launched America's twentieth-century empire.
Author: Noel Maurer
Author: Panama Canal Company
Author: Noel Maurer
Author: Ulrich Keller
Author: Canal Zone
Author: Panama Canal Company
Author: Michael L. Conniff
Author: 
Author: 
Author: United States. National Archives and Records Service
Author: Julie Greene