The Importance of Panama to The World, The Panama Canal and The Birth of Reggaeton

The Latin Wealth

Welcome to a new weekly series we are launching on the Latin Wealth platform, Wealth Wednesday! On Wealth Wednesday, we will be discussing trending news, Latino culture and topics surrounding business, host by @chrisbelloso and @ricoramirez86.

On today's episode we discussed:

- My time traveling to Panama and my overall thoughts about the country.

- What Panama is globally known for

• the Panama Canal revolutionized international trade by making it easy quicker for cargo ships to travel
• The French tried to build and failed - dark times and bad engineering
• The US wanted to build a passage that canal to shorten the journey from the Atlantic Ocean to the Pacific Ocean
• Because before the canal
  • If Spain wanted get cargo to Japan they would have to go under South America to its destination
• But at the time Panama was still part of the republic of Colombia
  • And in 1904 Panama gave the US control of a 10 mile pieces of land where they could start building the canal
  • The US basically owned this area until about 1999 where it was given back to Panama
  • And they wouldn’t allow anyone to build on the land
  • So the US helped Panama gain its independence in 1903

- The birth of Reggaeton

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