Word: nicaragua
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...TIME, which usually remembers what the others forget, did not mention that we have long had a treaty with Nicaragua for a canal route across that country [Dec. 25]. There was considerable controversy about whether to build in Panama or Nicaragua, and Teddy Roosevelt, I think, settled it by acquiring both routes, holding Nicaragua in reserve for possible future use. Am I right...
...lump sum of $3,000,000, a 1914 treaty granted the U.S. perpetual, exclusive rights to build a canal through Nicaragua...
Learning Means Earning. Limiting itself to Costa Rica, Guatemala, Honduras, Nicaragua and El Salvador, the C.E.D. gave them high marks for forming a common market in 1960. "Central America has one of the most advanced movements towards economic integration to be found anywhere in the less developed world," noted the report. From 1950 to 1962 the gross national product in each country increased an average 4.5% each year: exports went up an average annual...
Johnson mentioned four possible sites -all of them publicly discussed on earlier occasions-for a sea-level canal to connect the Atlantic and Pacific without need of locks. One is a 95-mile route in northwest Colombia, another a 168-mile route slicing through Costa Rica and Nicaragua: the remaining two are in Panama itself-one running 60 miles through the southern Darien wilderness and the other, the present 51-mile waterway, which would need considerable widening and deepening to eliminate the locks. Johnson gave no hint as to which route the U.S. preferred, saying only, "I have asked...
...decided upon and a final treaty written, construction will get underway. If possible, the U.S. would like to use nuclear explosives to dig the trench. Nukes are faster than dynamite, run one-tenth the cost, and would hold the price for the Colombia canal to $1.2 billion, the Nicaragua-Costa Rica canal to $1.24 billion, or the southern Panama route to $500 million...