Word: panama
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Dates: during 1990-1999
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...America was also outproducing all the Axis and the Allied powers combined, contributing nearly 300,000 planes, 100,000 tanks, 2 million trucks and 87,000 warships to the Allied cause. "The figures are all so astronomical," historian Bruce Catton marveled. "It was the equivalent of building two Panama Canals every month, with a fat surplus to boot...
Last week's handover of the Panama Canal neatly brackets the American Century. It begins with Theodore Roosevelt conceiving the canal and, with it, America ascending to the rank of Great Power. It ends with America so great a power, so serenely dominant in the world, that it can give away T.R.'s strategic jewel with hardly a notice...
...main reason for the absence of a serious challenge to American hegemony is that it is so benign. It does not extract tribute. It does not seek military occupation. It is not interested in acquiring territory--indeed, it specializes in giving it up, as shown in the Philippines and Panama. Economically, the world has prospered under the open trading system the U.S. supports. And culturally, America is a hit. Arnold is a universal icon. Latvians like their Levi's. And everyone loves McDonald...
TRANSFERRED. THE PANAMA CANAL, 50-mile engineering feat, shipping lane and cruise-ship highlight; after 96 years of U.S. control; to Panama. At a ceremonial hand-over, Jimmy Carter, who brokered the transfer treaty in 1977, told Panama's President Mireya Moscoso, "It's yours...
...political concerns. The canal once symbolized America's ability to project its power abroad, and conservative Republicans have questioned the wisdom of giving it up. Some Republican legislators - and Pat Buchanan - have even used the fact that Hong Kong-based port company Hutchison Whampoa will manage the facility for Panama to suggest that the strategic waterway may fall under Chinese control in the event of a crisis. Even though that scenario is dismissed as far-fetched by Panamanians and most U.S. analysts, the White House is clearly taking no chances with Al Gore's election year looming. Indeed, Clinton appears...