HIST 2620 1nd Edition Lecture 11 Outline of Last Lecture I Alfred Sloan II Rise of Modern Corporation III Modern Corporation IV The New Corporation Outline of Current Lecture II Spanish American War III Panama Canal Current Lecture Spanish American War the main goal was to liberate Cuban people Mckinley originally did not want to go to war but he decided to become involved when the New York Journal published a copy of a letter from Spanish Foreign Minister Enrique Dupuy de L me criticizing the American President Teller Amendment joint resolution of the United States placed a condition on the United States military s presence in Cuba the U S will help Cuba gain independence and then withdraw all its troops from the country USS Maine the first U S navy ship sent out to protect U S interest during the Cuban revolt against Spain she unexpectedly exploded and killed a third of the crew members the causes are still unclear as to what happened for the ship to explode Panama Canal American and British leaders and businessmen wanted to ship goods quickly and cheaply between the Atlantic and Pacific coasts United States and Great Britain negotiated the Clayton Bulwer Treaty to reign in rivalry over a proposed canal French attempts to build a canal through Panama advanced Malaria yellow fever and other tropical diseases conspired against the French attempt they went bankrupt The Hay Pauncefote Treaty of 1901 licensed the United States to build and manage its own canal The financial terms were unacceptable to Colombia s congress and rejected the offer These notes represent a detailed interpretation of the professor s lecture GradeBuddy is best used as a supplement to your own notes not as a substitute Philippe Bunau Varilla negotiated the Hay Bunau Varilla Treaty of 1903 which provided the United States with a 10 mile wide strip of land for the canal a one time 10 million payment to Panama and an annual annuity of 250 000 The United States also agreed to guarantee the independence of Panama President Roosevelt summarizes the event as we stole it fair and square
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