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Toro Agreement 1901

The Toro Agreement of 1901, also known as the Hay-Herrán Treaty, was a proposed treaty between the United States and Colombia that never came to fruition. The agreement dealt with the construction of the Panama Canal and the rights of the United States to build and maintain it.

At the time, the construction of the Panama Canal was a major priority for the United States. The proposed treaty would have given the US control over a zone of land surrounding the canal and the right to administer its affairs. In exchange, Colombia would have received financial compensation and the recognition of its sovereignty over the canal zone.

However, the agreement was never ratified by the Colombian Senate, which demanded more money in compensation. In response, the United States supported a Panamanian uprising against Colombian rule in 1903, leading to the establishment of the independent Republic of Panama and the eventual construction of the canal under US control.

The Toro Agreement of 1901 is a fascinating piece of history that sheds light on the complex geopolitical machinations of the early 20th century. As with many agreements of this type, its ultimate fate was determined by a combination of political maneuvering, economic interests, and geostrategic considerations.

For those interested in the history of the Panama Canal or the early years of US involvement in Latin America, the Toro Agreement of 1901 is a crucial piece of the puzzle. While it may have ultimately been a failure, it remains an important reminder of the ongoing struggles between nations for control over key resources and strategic locations.