Panama Canal By zach.frett Period: Jan 1, 1900 to Jan 1, 2015 Panama Canal Jan 1, 1903 Panama Gains Independence From Colombia Jan 1, 1904 U.S. begins Constructions Aug 15, 1914 First Ship Ventures Through the Canal Sep 7, 1977 Panama Canal Treaty Carter Signs Treaty that allows Panama to jointly controll the canal Jan 1, 1989 U.S. invades Panama, Canal Closes Jan 1, 1999 Canal Given Back to Panama