GEOGRAPHY AND HISTORY

  This is an important water route linking north America to south America but most importantly the Atlantic ocean with a width between 391-305, its depth is between 12-26 meters and the total tourniquet is 80000 tones. The canal was completed in 1914 having funded by the USA and built by the United States Marine corps engineers. However this was the second attempt after the first attempt the French who failed due to a number of reasons especially Malaria and other tropical diseases which wiped away almost the entire work force but most importantly due to bankruptcy of the French company. It is a vital water way joining the Caribbean sea and the Atlantic ocean. the travelling time along the canal form one end to another is 14 hours and it is due to the numerous locks that were put so as to raise the water volume for larger going ocean vessels to sail through easily. Such locks are found at Gatum Pedro-migul and at Milafores. The major aims of the canals include: To provide a route w...

  Economic Growth: Trade creates numerous job opportunities through the several industries set up to meet the demand of various goods. A high demand of certain goods encourages specialization in production, which lead to high quality of goods Foreign exchange: Through international trade a country is able to acquire foreign currency which enables the said country to import goods from other countries. Industrial growth: Goods with a high demand stimulate industrial growth because several manufacturers compete to put up industries to meet the demand. Source of revenue: Trade generates revenue to a country through taxation of commodities and services rendered. Sales tax and other custom duties are some of the ways of raising revenue for a country. Development of Infrastructure: Trade usually demands good transport facilities, as this enables goods to reach their destination in good time. Employment opportunities. Trade creates employment opportunities in the industries that are establ...