HAY-PAUNCEFOTE TREATY

"The Hay-Pauncefote Treaty gave the United States exclusive rights to build, control and fortify a canal across the narrow part of Central America. In return, the United States promised that all nations would be allowed to send their commercial and fighting ships through such a canal without discrimination."[1]
In 1901 the United States and the United Kingdom signed the 'Hay-Pauncefote Treaty'. This agreement nullified the Clayton-Bulwer Treaty of 1850 In return, America would be paid
a sum of $75,000,000.
The British, recognizing their diminishing influence in the region and cultivating friendship with the United States as a counterweight to Germany, stepped aside in the treaty to permit a solely U.S.-run canal. This occurred under President Theodore Roosevelt.
The treaty was negotiated under the table by United States Secretary of State, John Hay, and the British Ambassador to the United States, Lord Pauncefote.

Contents

External links

Sources

External links

★ Text of the treaty

Sources

1. The Americans: A History. Jordan, Greenblatt and Bowes. Evanston, Illinois. McDougal Littel, 1996