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Nicaragua Far Behind as Panama Canal Celebrates 100 Years

Since completion in 1914, the Panama canal has been vital for maritime trade between the Atlantic and Pacific oceans by cutting through the Isthmus of Panama to eliminate the lengthy and dangerous Cap Horn route looping around the southern tip of South America. In the meantime, Nicaragua has embarked on the construction of their own…

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1895 political cartoon advocating US action to build a Nicaragua Canal.

Grand Canal of Nicaragua

Since completion in 1914, the Panama canal has been vital for maritime trade between the Atlantic and Pacific oceans by cutting through the Isthmus of Panama to eliminate the lengthy and dangerous Cap Horn route looping around the southern tip of South America. As far back as 1825, the newly established Federal Republic of Central…

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Dollarisation in Latin America

Since the year 2000, the government of Ecuador has instituted a policy instating the United States dollar as the official currency of Ecuador. El Salvador, likewise, instituted a policy instituting the United States dollar as their official currency in 2001 thereby becoming the third Latin American country to use a foreign money as their official…

Concern for Democracy and Liberties in Nicaragua

US Senator Marco Rubio (R-FL) expressed concern for the rule of law in Nicaragua during confirmation hearings on February 7 to determine the next US Ambassador for a handful of Latin American countries. During confirmation hearings before the Senate Foreign Relations Committee, Phyllis Powers said that she would “speak clear and with conviction about the…