who was the president during the building of panama canal
Panama Canal On January 22, 1903, the Hay–Herrán Treaty was signed by United States Secretary of State John M. Hay and Colombian Chargé Dr. Tomás Herrán. For $10 million and an annual payment it would have granted the United States a renewable lease in perpetuity from Colombia on the land proposed for the canal.[25] The treaty was ratified by the U.S. Senate on March 14, 1903, but the Senate of Colombia did not ratify it. Bunau-Varilla told President Theodore Roosevelt and Hay of a possible revolt by Panamanian rebels who aimed to separate from Colombia, and hoped that the United States would support the rebels with U.S. troops and money. Roosevelt changed tactics, based in part on the Mallarino–Bidlack Treaty of 1846, and actively supported the separation of Panama from Colombia and, shortly after recognizing Panama, signed a treaty with the new Panamanian government under similar terms to the Hay–Herrán Treaty.[26]