History of the United States (1865–1918) in the context of "Nicaraguan Canal"

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⭐ Core Definition: History of the United States (1865–1918)

The history of the United States from 1865 to 1917 was marked by the Reconstruction era, the Gilded Age, and the Progressive Era, and includes the rise of industrialization and the resulting surge of immigration in the United States.

This period of rapid economic growth and soaring prosperity in the Northern United States and the Western United States saw the U.S. become the world's dominant economic, industrial, and agricultural power. The average annual income (after inflation) of non-farm workers grew by 75% from 1865 to 1900, and then grew another 33% by 1918.

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History of the United States (1865–1918) in the context of Inter-Oceanic Nicaragua Canal

Attempts to build a canal across Nicaragua to connect the Atlantic Ocean and the Pacific Ocean stretch back to the early colonial era. Construction of such a shipping route—using the San Juan River as an access route to Lake Nicaragua—was first proposed then. Napoleon III wrote an article about its feasibility in the middle of the 19th century. The United States abandoned plans to construct a waterway in Nicaragua in the early 20th century after it purchased the French interests in the Panama Canal, which has served as the main connecting route across Central America since its completion.

Because the steady increase in global shipping may eventually make the project economically feasible, speculation on a new shipping route has continued. In June 2013, Nicaragua's National Assembly approved a bill to grant a 50-year concession to the HK Nicaragua Canal Development Investment (HKND) to manage the Nicaraguan Canal and Development Project to build the canal, but little development took place, and the concession to HKND was cancelled in May 2024.

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History of the United States (1865–1918) in the context of Nicaraguan Canal and Development Project

The Nicaraguan Canal and Development Project, informally the Nicaragua Canal (Spanish: Canal de Nicaragua, also referred to as the Nicaragua Grand Canal, or the Grand Interoceanic Canal) was a proposed shipping route through Nicaragua to connect the Caribbean Sea (and therefore the Atlantic Ocean) with the Pacific Ocean. Scientists were concerned about the project's environmental impact, as Lake Nicaragua is Central America's key freshwater reservoir while the project's viability was questioned by shipping experts and engineers.

Construction of a canal using the San Juan River as an access route to Lake Nicaragua was first proposed in the early colonial era. After the United States purchased the French interests in the Panama Canal in the early 20th century, it decided not to build in Nicaragua, but it secured rights and conducted studies for such a canal as a supplement.

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History of the United States (1865–1918) in the context of 19th century in the United States

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