Panama, officially called the Republic of Panama, is a country in Central America. It is bordered by Costa Rica to the west, Colombia in South America to the southeast, the Caribbean Sea to the north and the Pacific Ocean to the south. The capital and largest city is Panama City, whose metropolitan area is home to nearly half of the country’s 4 million people. Panama was inhabited by several indigenous tribes prior to settlement by the Spanish in the 16th century. Panama broke away from Spain in 1821 and joined a union of Nueva Granada, Ecuador, and Venezuela named the Republic of Gran Colombia. When Gran Colombia dissolved in 1831, Panama and Nueva Granada remained joined, eventually becoming the Republic of Colombia. With the backing of the United States, Panama seceded from Colombia in 1903, allowing the Panama Canal to be built by the U.S. Army Corps of Engineers between 1904 and 1914. In 1977 an agreement was signed for the transfer of the Canal from the United States to Panama by the end of the 20th century, which culminated on December 31, 1999. read more…
Panama City is the capital and largest city of the Republic of Panama. It has a metro population of 1,5 million, and is located at the Pacific entrance of the Panama Canal, in the province of Panama. The city is the political and administrative center of the country, as well as a hub for international banking and commerce. It is considered a “beta-” world city, one of three Central American cities listed in this category. The city of Panama was founded on August 15, 1519, by Spanish conquistador Pedro Arias Dávila. The city was the starting point for expeditions that conquered the Inca Empire in Peru. It was a stopover point on one of the most important trade routes in the history of the American continent, leading to the fairs of Nombre de Dios and Portobelo, through which passed most of the gold and silver that Spain took from the Americas. On January 28, 1671, the original city was destroyed by a fire when privateer Henry Morgan sacked and set fire to it. The city was formally reestablished two years later on January 21, 1673, in a peninsula located 8 km (5 miles) from the original settlement. The site of the previously devastated city is still in ruins and is now a popular tourist attraction known as Panama Viejo. read more…
