TODAY IN HISTORY

 

Panama Canal turned over to Panama

On December 31, 1999, the United States, in accordance with the Torrijos-Carter Treaties, officially hands over control of the Panama Canal, putting the strategic waterway into Panamanian hands for the first time. Crowds of Panamanians celebrated the transfer of the 50-mile canal, which links the Atlantic and Pacific oceans and officially opened when the SS Arcon sailed through on August 15, 1914. Since then, over one million ships have used the canal.

Interest in finding a shortcut from the Atlantic to the Pacific originated with explorers in Central America in the early 1500s. In 1523, Holy Roman Emperor Charles V commissioned a survey of the Isthmus of Panama and several plans for a canal were produced, but none ever implemented. U.S. interest in building a canal was sparked with the expansion of the American West and the California gold rush in 1848. (Today, a ship heading from New York to San Francisco can save about 7,800 miles by taking the Panama Canal rather than sailing around South America.)

In 1880 a French company run by the builder of the Suez Canal started digging a canal across the Isthmus of Panama (then a part of Colombia). More than 22,000 workers died from tropical diseases such as yellow fever during this early phase of construction and the company eventually went bankrupt, selling its project rights to the United States in 1902 for $40 million. President Theodore Roosevelt championed the canal, viewing it as important to America’s economic and military interests. In 1903, Panama declared its independence from Colombia in a U.S.-backed revolution and the U.S. and Panama signed the Hay-Bunau-Varilla Treaty, in which the U.S. agreed to pay Panama $10 million for a perpetual lease on land for the canal, plus $250,000 annually in rent.

Over 56,000 people worked on the canal between 1904 and 1913 and over 5,600 lost their lives. When finished, the canal, which cost the U.S. $375 million to build, was considered a great engineering marvel and represented America’s emergence as a world power.

In 1977, responding to nearly 20 years of Panamanian protest, U.S. President Jimmy Carter and Panama’s General Omar Torrijos signed two new treaties that replaced the original 1903 agreement and called for a transfer of canal control in 1999. The treaty, narrowly ratified by the U.S. Senate, gave America the ongoing right to defend the canal against any threats to its neutrality. In October 2006, Panamanian voters approved a $5.25 billion plan to double the canal’s size by 2015 to better accommodate modern ships.

Ships pay tolls to use the canal, based on each vessel’s size and cargo volume. In May 2006, the Maersk Dellys paid a record toll of $249,165. The smallest-ever toll–36 cents–was paid by Richard Halliburton, who swam the canal in 1928.

GREAT BRITAIN

1600

Charter granted to the East India Company

Queen Elizabeth I of England grants a formal charter to the London merchants trading to the East Indies, hoping to break the Dutch monopoly of the spice trade in what is now Indonesia. 

SPACE EXPLORATION

1968

Soviets test supersonic airliner

The Soviet Union’s TU-144 supersonic airliner makes its first flight, several months ahead of the Anglo-French Concorde. The TU-144 so closely resembled the Concorde that the Western press dubbed it the “Konkordski.”.

INVENTIONS & SCIENCE

1879

Thomas Edison demonstrates incandescent light

In the first public demonstration of his incandescent lightbulb, American inventor Thomas Alva Edison lights up a street in Menlo Park, New Jersey. The Pennsylvania Railroad Company ran special trains to Menlo Park on the day of the demonstration in response to public enthusiasm.

WORLD WAR II

1944

Hungary declares war on Germany

The provisional government of Hungary officially declares war on Germany, bringing an end to Hungary’s cooperation—sometimes free, sometimes coerced—with the Axis power. Miklos Horthy, the anticommunist regent and virtual dictator of Hungary.

U.S. PRESIDENTS

1961

Kennedy and Khrushchev exchange holiday greetings

On December 31, 1961, President John F. Kennedy issued a statement extending his “sincere wishes” and those of the American people to Soviet Premier Nikita Khrushchev and the people of the Soviet Union for a peaceful and prosperous New Year. 

ART, LITERATURE, AND FILM HISTORY

1985

Rick Nelson dies in a plane crash

Former teen idol Rick Nelson dies in plane crash in De Kalb, Texas, on December 31, 1985. When the teenage Ricky Nelson launched his pop career in 1957 by picking up a guitar and singing at the end of an episode of The Adventures of Ozzie And Harriet.

SPORTS

1972

Baseball star Roberto Clemente dies in plane crash

Roberto Clemente, future Hall of Fame baseball player, is killed along with four others when the cargo plane in which he is traveling crashes off the coast of Puerto Rico. Clemente was on his way to deliver relief supplies to Nicaragua following a devastating earthquake.

CRIME

1984

Subway shooter Bernhard Goetz turns himself in

Bernhard Goetz, the white man dubbed the “subway vigilante” after he shot four young Black men on a New York City subway train, turns himself in at a police station in Concord, New Hampshire. Goetz claimed that the men, all of whom had criminal records.

AMERICAN REVOLUTION

1775

Patriots are defeated at Quebec

On December 31, 1775, Patriot forces under Colonel Benedict Arnold and General Richard Montgomery attempt to capture the city of Quebec under cover of darkness and snowfall. They fail, and the effort costs Montgomery his life.