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A Look at the History of the Panama Canal

A Look at the History of the Panama Canal
The second lock of the Panama canal from the Pacific ocean. Galina Savina/ Shutterstock
Clifford F. Thies
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Commentary

The Panama Canal was opened in 1914. It was an enormous undertaking. The canal took 10 years to complete (from the time President Teddy Roosevelt got our country’s work on the canal started), and $400 million (about $15 billion in today’s money).

Clifford F. Thies
Clifford F. Thies
Author
Clifford F. Thies is a professor of economics and finance at Shenandoah University, He is the author, co-author, contributor, and editor of more than a hundred books, encyclopedia entries and articles in scholarly journals. He is a member of the editorial board of the Journal of Private Enterprise and is a former Bradley Resident Scholar at the Heritage Foundation. He is a past president of the faculty senates of Shenandoah University and the University of Baltimore. He also served in the U.S. Army and the Army Reserve.