The Hay-Pauncefote Treaty was a treaty signed by the United States and United Kingdom in 1901. In it, both powers annulled the Clayton-Bulwer Treaty of 1850, which meant that the United States was granted the right to build a canal along Central America that would connect the Pacific Ocean and the Atlantic Ocean. It was negotiated between John Milton Hay, Secretary of State of the United States, and Lord Pauncefote, British ambassador in the USA. Both give name to the agreement. Thus, the British recognized that their influence in the region had diminished. On the other hand, they fostered friendship with the United States, an ally to take into account in a context of tension with Germany. In the agreement, although it was stated that the United States would have full control of the channel, it was also announced that all nations could use it ... Bibliography
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