The French initiated the construction of the Panama Canal Group.
The Panama Canal, considered one of the modern world's wonders, opened for business 100 years ago this Friday, connecting the Atlantic and Pacific Oceans and providing a new route for international trade and military transport.President Theodore Roosevelt oversaw the completion of a long-term United States goal: the construction of a trans-Isthmian canal. Throughout the 1800s, American and British leaders and businessmen wanted to ship goods between the Atlantic and Pacific coasts quickly and cheaply. Since the transfer of management from the joint US-Panamanian Panama Canal Commission in 1999, the Panama Canal has been fully owned and administered by the Republic of Panama.
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