Congress authorises Theodore Roosevelt to buy rights of the French Panama Company and to acquire from Colombia perpetual control of the canal zone. The United States' desire to construct a trans-isthmus canal had a serious impact on the relationship between the U.S. and the European powers, who felt that the canal would reinforce the United States' domination of the Caribbean.
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61 words
Citation: Editors, Litencyc. "Roosevelt authorised to buy French Panama Co. rights". The Literary Encyclopedia. First published 01 March 2010 [https://staging.litencyc.com/php/stopics.php?rec=true&UID=11696, accessed 23 November 2024.]
