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Imperialism & Canal Building. How does imperialism influence the Suez & Panama canals?. Egyptians turn to French to help build the canal. French & Egyptians borrow from British banks , can’t pay debt. Suez Canal
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Imperialism &Canal Building How does imperialism influence the Suez & Panama canals?
Egyptians turn to French to help build the canal • French & Egyptians borrow from British banks, can’t pay debt Suez Canal • Egyptian leader Isma’il creating big debts modernizing Egypt, incl a canal connecting the Mediterranean & Red Sea • British Government buys the debt & gains control of canal (1869), have sphere of influence in Egypt • British see the canal as the “lifeline of the empire”
Panama Canal US needs a shortcut between Pacific & Atlantic • . • Canal is proposed in the Colombian province of Panama • US offers Colombia $10 million for land – Colombia wants more • US encourages Panamanians to rebel against Colombia • With help from US Navy, Panama gains independence, gives US free land to build & allows US to own the canal • US becomes “Colossus of the North” • Roosevelt Corollary (Big Stick Policy) allows US to be police of Western Hemisphere
Read Page 386: Panama Canal (including the facts) – USE COMPLETE SENTENCES http://www.youtube.com/watch?v=fA-pnN54uPw&annotation_id=annotation_655031&feature=iv • What oceans does the Panama canal connect? • How high are ships raised in the three locks? • What are the names of the three series of locks? • How long is the canal? • How long did it take to build and how much did it cost? • What caused many of the workers to die when building the canal? • How many miles does the canal save a ship (ex: SF to NY)? • Do you think the canal helped world trade? Why?