What is the significance of the Panama Canal?

Shortcut: The Panama Canal, opened in 1914, connects the Atlantic and Pacific Oceans, providing a vital shortcut for ships.

Trade Boost: It enhances global trade by reducing shipping distances, and making commerce more efficient.

Economic Impact: The canal lowers shipping costs, accelerates transit times, and fosters international economic growth.

Geopolitical Significance: Control of the canal is strategically important, influencing geopolitics and international relations.

Engineering Marvel: Its construction was a historic engineering feat, setting precedents for large-scale infrastructure projects globally.