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It was built in the year 1903
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The cost of moving a ship through the Panama Canal has tripled over the past five years to around $450,000 per passage for a vessel carrying 4,500 containers, and this figure is likely to go up upon completion of the expansion process.
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On November 3, 1903, Panama declared its independence without any interference from Colombia. Three months later the Panamanians granted control of the 'Panama Canal Zone' to the United States, having signed the Hay-Bunau-Varilla Treaty
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American and British leaders and businessmen wanted to ship goods quickly and cheaply between the Atlantic and Pacific coasts.
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The Panama Canal cost Americans around $375,000,000, including the $10,000,000 paid to Panama and the $40,000,000 paid to the French company.
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The Panama canal was first used on August 15 1914