This treaty, brokered by the U.S. chargé d'affaires Benjamin Alden Bidlack, secured U.S. interests in Panama against the interests of the United Kingdom and of France which were separately and competitively interested in building a railway across the isthmus to enable the development of their colonial interests. The treaty assured New Granada (now Colombia and Panama) of U.S. support for its sovereignty and the neutrality of the isthmus and made it possible, following the California goldrush of 1848, to build the transithmian railroad (1848-1855).
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Citation: Richert, Lucas Paul. "Bidlack Treaty (New Granada Treaty)". The Literary Encyclopedia. First published 01 November 2008 [https://staging.litencyc.com/php/stopics.php?rec=true&UID=5761, accessed 26 November 2024.]