Answer :
The opening of the Panama Canal significantly reduced the time and money required to ship goods between the east coast and the west coast of the United States. The Panama Canal is one of the pivotal waterways which is beneficial not only for the United States but is critical for the global maritime trade.
Built in 1914, this canal is an 82 km artificial waterway facilitating trade between the Atlantic Ocean and the Pacific Ocean. Before the construction of the Panama Canal, the Cape Horn of South America was the only trade route that connected the east and the west coast of the United States.
The construction of this canal reduced the distance between the east and west coast of the United States by 13,000 km.
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