The country of Panama holds a unique strategic geographic location, and it has tried its best throughout the ages to exploit this to the full. From the time of the Portobello fairs to the first transisthmian railroad to the present waterway, often considered to be the eighth wonder of the world.
A canal linking the Atlantic with the Pacific oceans had been a dream since the first Spanish colonizations. In fact it was Charles V of Spain who first envisaged a shortcut through the Panamanian jungle to ease the difficult crossing. So in 1524 he ordered a survey of the land. However what inspired the king initially was not so much the possibilities for trade, so much as how to bring back to Spain with least difficulty the hoards of treasure recently discovered in Peru. Unfortunately for him, earth-moving techniques were to need major improvement before his idea could be undertaken.
It was not until 1826 when the United States started investigating a treaty with South American countries to “protect the companies intending to open a communication system between both oceans”, that the building of a canal attracted worldwide interest, with France, England and...
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