when did the us give up the panama canal
Panama Canal Zone On February 26, 1904, the Isthmian Canal Convention was proclaimed. In it, the Republic of Panama granted to the United States in perpetuity the use, occupation, and control of a zone of land and land under water for the construction, maintenance, operation, sanitation, and protection of the canal. From 1903 to 1979 the territory was controlled by the United States, which had purchased the land from the private and public owners, built the canal and financed its construction. The Canal Zone was abolished on October 1, 1979, as a term of the Torrijos–Carter Treaties of 1977; the canal itself was under joint U.S.–Panamanian control from 1979 until it was fully turned over to Panama on December 31, 1999.[2]
History of the Panama Canal After the 1869 completion of the Suez Canal, France thought that an apparently-similar project to connect the Atlantic and Pacific Oceans could be carried out with little difficulty. In 1876 an international company, La Société internationale du Canal interocéanique, was created to undertake its construction; two years later, it obtained a concession from the Colombian government (since Panama was a Colombian province) to dig a canal across the isthmus.