A STORY ABOUT LEGENDARY GOLD FOUND IN PANAMA | PRESENTED BY JOHN MacARTHUR WORLD TRAVEL CHANNELᴴᴰ
Channel: John MacArthur
Date: 02/10/2022

Hi, from John MacArthur:

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FYI knowledge

Explore the country of Panama with a gold mine with infinite reserves
Hello friends. Panama is a country located in Central America, with an area of ​​​​about 75,517 km², with a population of about 4.3 million people. As you know, this country owns one of the most important canals in the world. So does it make them rich? The answer is yes and no! It sounds a bit odd, but don't rush, we'll find out slowly! 
From the beginning of the 16th century, Panama, like many other countries in the Americas, became a colony of the superpower Spain. This isthmus soon became one of the crossroads for trade between Spain, and its colonies, including Mexico, Venezuela, Colombia, Peru, Ecuador...
The Spaniards conducted gold and silver searches and plundered resources from the colonies. They opened shipping routes to Panama. Then, take a boat to bring back the country. So, early on, the Isthmus of Panama was celebrated as "the door to the sea and the key to the universe".
In 1821, Panama became independent from Spain and came under Colombian control. In 1903, after the French company went bankrupt for building the Panama Canal, the United States proposed a treaty to continue the project with Colombia, but was rejected. Therefore, they incited the people to revolt and support, helping Panama become an independent country.
The United States then paid Panama $10 million, for the rights to build the canal, along with $250,000 per year to operate the canal once completed. It is worth mentioning, through the Treaty of Hay-Bunau Varilla, the United States was granted control of the canal indefinitely. About 56,000 workers were mobilized between 1904-1913. 10% of them were killed, during construction. 
More than $350 million was the cost when the channel was completed. It was the most expensive construction project in US history up to that time. In 1914, the Panama Canal opened and became an extremely important trade route for the world. Panama's economy has grown twice as much as other countries in the region.
However, due to the United States' permanent control of the canal, conflicts arose. Many riots occurred, to protest sovereignty over the canal area. After years of negotiations, an agreement between Panama and the United States was officially reached in 1977. .
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