| Term | Definition |
|---|
| Teddy Roosevelt | President of the U.S. who had the Panama Canal built. He aquired land to build the canal by helping Panama gain independence. It was his dream to build the canal. |
| William Gorgas | He was an army doctor who controlled mosquitoes around the canal that carried malaria and yellow fever. |
| What was the opportunity cost to take this test? | That I would get a good grade on the test instead of doing something else with my time. |
| Tariff | A tax on foreign goods brough into a country |
| International trade | Exchange of capital goods and services across international borders and territories |
| trade barrier | Any government policy that restricts international trade (tariff, embargo) |
| scarcity | Human wants will always exceed the resources available to fulfill those wants |
| exports | Trade product sent to markets outside of a country |
| imports | Trade products brought into a country |
| specialization | the act of making something suitable for a special purpose |
| interdependence | mutually dependent; depending on each other |
| isthmus | narrow strip of land that connects two bigger pieces of land |
| canal | man-made waterway built to allow boats to cross a stretch of land |
| How did we get the Panama Canal | By helping the Panamanian's overthrow the Columbian government |
| Why did the U.S. want the Panama Canal built | The U.S. wanted to avoid going around South America and insure less time for U.S. Naval ships to travel and protect U.S. possessions around the world |
| Who owned the land (used for Panama Canal) originally | Columbia |
| What problems occured while building the canal | The workers suffered yellow fever and malaria carried by mosquitoes. |
| What has happed with the Panama Canal over the last 30-40 years | In recent years the U.S. has signed two treaties turning over the Panama Canal to the republic of Panama in the year 2000. Making the Panama Canal bigger is still needed. |
| What are the geographical features of the canal | Swamps, mountains and dense rain forests |
| Jimmy Carter | President that signed the Panama Canal Treaty in Sept. 7, 1977. This moved U.S. military bases from the country and rellenquished U.S. control over the canal. |
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