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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.
This pamphlet describes the critical role of Army officers who defied the odds and saw this immense project through to completion. They included Col. William C. Gorgas, who supervised the medical effort that saved countless lives and made it possible for the labor force to do its job; Col. George W. Goethals, who oversaw the final design of the canal and its construction and, equally important, motivated his workers to complete the herculean task ahead of schedule; and many other officers who headed up the project’s subordinate construction commands and rebuilt the Panama railroad, a key component of the venture. In just seven years, these soldiers, thousands of fellow Americans, and tens of thousands of workers from around the world turned the dream of an isthmian canal into reality. Their success immediately ranked among the greatest peacetime feats of the Army and the nation, and it remains so to this day.
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.
The National Book Award–winning epic chronicle of the creation of the Panama Canal, a first-rate drama of the bold and brilliant engineering feat that was filled with both tragedy and triumph, told by master historian David McCullough. From the Pulitzer Prize–winning author of Truman, here is the national bestselling epic chronicle of the creation of the Panama Canal. In The Path Between the Seas, acclaimed historian David McCullough delivers a first-rate drama of the sweeping human undertaking that led to the creation of this grand enterprise. The Path Between the Seas tells the story of the men and women who fought against all odds to fulfill the 400-year-old dream of constructing an aquatic passageway between the Atlantic and Pacific oceans. It is a story of astonishing engineering feats, tremendous medical accomplishments, political power plays, heroic successes, and tragic failures. Applying his remarkable gift for writing lucid, lively exposition, McCullough weaves the many strands of the momentous event into a comprehensive and captivating tale. Winner of the National Book Award for history, the Francis Parkman Prize, the Samuel Eliot Morison Award, and the Cornelius Ryan Award (for the best book of the year on international affairs), The Path Between the Seas is a must-read for anyone interested in American history, the history of technology, international intrigue, and human drama.
Provides a comprehensive overview of the political and economic developments in Panama from 1980 to the present day.
In 1848, a group of ambitious American entrepreneurs decided to embark upon a remarkable engineering feat—they would build a railroad across the Isthmus of Panama to connect the Atlantic and Pacific Oceans. The creation of the Panama Railroad ranks as one the boldest capitalist ventures in the 19th century, and would require battling climate, disease, and geography before it was completed. On a human level, it would transform the destiny of thousands of lives in America, Panama, the West Indies, and Asia, as well as in Ireland. The Panama Railroad provides the first comprehensive account of the railroad's construction, going well beyond the known stories of the titans of industry involved with its construction, such as William Aspinwall, George Law, and Cornelius Vanderbilt. It seeks to correct false claims and address numerous gaps in past histories, and in particular showcases the stories of the ordinary Irish workers willing to travel halfway around the globe to pursue an uncertain future and a perilous undertaking in the hopes of escaping the devastating aftermath of the Great Famine of 1845–49.
Port Economics, Management and Policy provides a comprehensive analysis of the contemporary port industry, showing how ports are organized to serve the global economy and support regional and local development. Structured in eight sections plus an introduction and epilog, this textbook examines a wide range of seaport topics, covering maritime shipping and international trade, port terminals, port governance, port competition, port policy and much more. Key features of the book include: Multidisciplinary perspective, drawing on economics, geography, management science and engineering Multisector analysis including containers, bulk, break-bulk and the cruise industry Focus on the latest industry trends, such as supply chain management, automation, digitalization and sustainability Benefitting from the authors’ extensive involvement in shaping the port sector across five continents, this text provides students and scholars with a valuable resource on ports and maritime transport systems. Practitioners and policymakers can also use this as an essential guide towards better port management and governance.