Hay-Pauncefote Treaty
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In 1901 the United States and the United Kingdom signed the Hay-Pauncefote Treaty. This agreement nullified the Clayton-Bulwer Treaty of 1850 in return for guarantee of open passage for any nation through a proposed Central American canal.
The treaty was negotiated by United States Secretary of State, John Hay, and the British Ambassador to the United States, Lord Pauncefote.