Hay-Pauncefote Treaty (1901) Agreement promising equal rates through the PANAMA CANAL to all nations and all vessels. It also granted the USA the full right to build and manage the canal. John HAY and Lord Pauncefote, British ambassador to the USA, negotiated the treaty.
How to cite this entry: "Hay-Pauncefote Treaty" World Encyclopedia. Philip's, 2008. Oxford Reference Online. Oxford University Press. 26 February 2012
