who was the first to start building the panama canal
History of the Panama Canal By the late nineteenth century, technological advances and commercial pressure allowed construction to begin in earnest. Noted canal engineer Ferdinand de Lesseps led an initial attempt by France to build a sea-level canal. Beset by cost overruns due to the severe underestimation of the difficulties in excavating the rugged Panama land, heavy personnel losses in Panama due to tropical diseases, and political corruption in France surrounding the financing of the massive project, the project succeeded in only partially completing the canal.
Panama Canal A decade later, in 1974, negotiations toward a settlement began and resulted in the Torrijos–Carter Treaties. On September 7, 1977, the treaty was signed by President of the United States Jimmy Carter and Omar Torrijos, de facto leader of Panama. This mobilized the process of granting the Panamanians free control of the canal so long as Panama signed a treaty guaranteeing the permanent neutrality of the canal. The treaty led to full Panamanian control effective at noon on December 31, 1999, and the Panama Canal Authority (ACP) assumed command of the waterway. The Panama Canal remains one of the chief revenue sources for Panama.[56][57]