The U.S. officially acquires jurisdiction over the Panama Canal Zone on May 4, 1904. The U.S had tried and failed to negotiate an agreement with Colombia leading to the United States backing a separatist group in Panama and President Roosevelt dispatching U.S. warships to Panama City (on the Pacific) and Colón (on the Atlantic) in support of Panamanian independence.
Panama declared independence from Colombia on November 3, 1903. A French company was the first to attempt building such a canal, but was unsuccessful and roughly 20,000 workers perished due to accidents and tropical diseases, The company collapsed and was acquired by the U.S. in 1902 after Congress passed the Spooner act, gaining the rights to the land to build the canal. More