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Title: The Panama Canal

Essay Details

Subject: History
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Date: May 10, 1997
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Length: 3 / 840
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Midway through the building of the canal, in 1885, the French company started to run into financial difficulties and even applied to the French government to issue lottery bonds. Rumors of these difficulties caused increased interest within the American government. The abandonment of the scheme at this stage would cause financial ruin for all the investors and a severe blow to the French...

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The abandonment of the scheme at this stage would cause financial ruin for all the investors and a severe blow to the French. It was suggested that the original plan be modified and the lock system should be employed. Eventually, in 1899, France's attempt at constructing the Panama Canal was seen to be a failure...

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