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Panama Canal

Definition

Panama Canal rate
(Noun) Obviously, a canal in Panama - completed 1914, partly man-made/partly relying on natural lakes, with an extensive lock system, cutting entirely through the isthmus. U.S.-owned/run for many decades, but Panama-owned/run now.
Usage: The Panama Canal eliminated the need to go around Cape Horn to get from the Atlantic to the Pacific or vice-versa.


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