Hay Pauncefote Treaty

This article or the following section is not adequately provided with supporting documents ( e.g. individual evidence ). Information without sufficient evidence could be removed soon. Please help Wikipedia by researching the information and including good evidence.

The Hay Pauncefote Treaty for the Construction and Management of the Panama Canal was signed by the United States and Great Britain on November 18, 1901 . The contract was negotiated on February 8, 1900, but initially rejected by the US Senate and replaced by a new one.

The contract, which was negotiated by the US Secretary of State, John Hay , and the British Ambassador to the US, Lord Pauncefote , contained the renunciation of all rights regarding the construction and management of the planned canal, so that responsibility for this was entirely on the United Kingdom USA passed; thus the regulations of the Clayton-Bulwer Treaty of 1850, which had assumed an internationalization of the canal, were declared null and void.

On the one hand, the Hay Pauncefote Treaty had a positive effect on British-American relations; on the other hand, it made it easier for the USA to take the political initiative in Panama , where, at their instigation, a secession movement against Colombia began there, leading to independence Panama led by Colombia in 1903, which then granted the United States the establishment of the Panama Canal Zone .