(MC)Which of the following did the United States gain as a result of its possession of the Panama Canal Zone? an inexpensive labor market a major ship-building facility an important source of revenue a military presence in Latin America

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Answer 1
Answer:

The United States gains an inexpensive labor market as a result of its possession of the Panama Canal Zone. Thus, option 'A' is the correct option.

How did the US gain access to the Panama Canal Zone?

At least since the 1500s, people have considered building a waterway through the Panama Canal to connect the Atlantic and Pacific Oceans: King Charles I of Spain asked his regional governor to study a route along the Chagres River after explorer Vasco Nuez de Balboa realized there was only a small strip of land separating the two oceans. In 1902, after consideration by the U.S.

Isthmian Canal Commission and encouragement from President Theodore Roosevelt, the United States paid $40 million for the French assets in the canal zone. The Hay-Bunau-Varilla Treaty, which granted America exclusive and long-term possession of the Panama Canal, was signed with Panama on November 18 after the United States recognized the Republic of Panama on November 6 of that year.

Learn more about the Panama Canal Zone, here:

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