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Terms in this set (20)
Teddy Roosevelt
President of the U.S. who had the Panama Canal built. He aquired land to build the canal by helping Panama gain independence. It was his dream to build the canal.
William Gorgas
He was an army doctor who controlled mosquitoes around the canal that carried malaria and yellow fever.
What was the opportunity cost to take this test?
That I would get a good grade on the test instead of doing something else with my time.
Tariff
A tax on foreign goods brough into a country
International trade
Exchange of capital goods and services across international borders and territories
trade barrier
Any government policy that restricts international trade (tariff, embargo)
scarcity
Human wants will always exceed the resources available to fulfill those wants
exports
Trade product sent to markets outside of a country
imports
Trade products brought into a country
specialization
the act of making something suitable for a special purpose
interdependence
mutually dependent; depending on each other
isthmus
narrow strip of land that connects two bigger pieces of land
canal
man-made waterway built to allow boats to cross a stretch of land
How did we get the Panama Canal
By helping the Panamanian's overthrow the Columbian government
Why did the U.S. want the Panama Canal built
The U.S. wanted to avoid going around South America and insure less time for U.S. Naval ships to travel and protect U.S. possessions around the world
Who owned the land (used for Panama Canal) originally
Columbia
What problems occured while building the canal
The workers suffered yellow fever and malaria carried by mosquitoes.
What has happed with the Panama Canal over the last 30-40 years
In recent years the U.S. has signed two treaties turning over the Panama Canal to the republic of Panama in the year 2000. Making the Panama Canal bigger is still needed.
What are the geographical features of the canal
Swamps, mountains and dense rain forests
Jimmy Carter
President that signed the Panama Canal Treaty in Sept. 7, 1977. This moved U.S. military bases from the country and rellenquished U.S. control over the canal.
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