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Hay-herran Treaty




The Hay-Herran Treaty was a treaty signed on on March 14 , but it was not ratified by the Senate Of Colombia , and did not go into effect.

It has been considered by later observers that this happened mainly because Herran had negotiated the treaty with little government or legislative oversight. It has also been mentioned that many of the politicians and congressmen found the amount offered to fall short, considering that the United States was willing to pay $40 million for the New Panama Canal Company .http://www.britannica.com/ebi/article?tocId=207505&query=Panama%20City&ct=%22ebi%22http://www.mssu.edu/international/Latinam/canal.htm

The United States government was not willing to renegotiate the treaty with Colombia or alter the amounts involved and soon gave its support, both political and military, to a planned uprising in Panama, which led to its independence and to the eventual construction of the Panama Canal .


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