25 de Feb de 2020

Nacional

Bunau-Varilla Treaty

Stories from the United States' relationship with the Panama Canal, in celebration of its centenary

A few days after Panama's independence from Colombia, the diplomatic representative of Panama, the Frenchman Philippe-Jean Bunau-Varilla and the Secretary of State John Hay, signed the Hay-Bunau-Varilla Treaty. This controversial treaty not only authorized the Americans to build the Canal as previously agreed, but also established the borders of the Canal Zone (five miles in both directions) and gave perpetual sovereignty to the United States over the Zone. All of this was in exchange for a payment of 10 million dollars and an annuity of $250,000.