Moving to Panama and the Panama Railroad
Moving to Panama with IntlMOVE will be a great way to introduce your family to a new culture and a new experience.
International moves to Panama are a great way to start a new life in a country with abundant opportunities.
Panama is home to great food, great experiences and a wonderful way of living.
When you move to Panama with IntlMOVE, you will see the Panama Railroad.
The Panama Railroad, along with the Panama Canal, changed history!
The Panama Railroad was quite an engineering feat when it was being constructed.
It took almost five years to build and cost over $8 million to construct.
One interesting fact is that hollow rails were used to build the 47 ½ miles of track.
One sad fact is that over 12,000 people died while building the Panama Railroad.
It was also the most expensive railroad per mile to travel on when it was first built.
In 1855, a ticket from Colon to Panama City was $25.
Today, which is over 150 years later, you can purchase the same ticket for $20.
It was very expensive to travel by this train when the Panama Rail was first built.
The construction of the Panama Railroad began in 1851 and was completed in 1855.
The railroad was originally built to help people travel from the East Coast of the United States to the West Coast.
Many Americans were afraid to cross the Western part of the United States, so they chose to cross in Panama.
People wanted to cross the isthmus without dying, so construction of the world’s most expensive railroad began.
The Panama Railroad connects the Atlantic Panamanian city of Colon with the Pacific-based Panama City.
It was the world’s first transcontinental railway.
At one time, the Panama Railroad stock was priced at $295 per share.
This was the highest priced stock on the New York Stock Exchange at the time.
The American engineers for the railroad were Law and Aspinwell.
Colon was originally named Aspinwall after the engineer, but was later changed to Colon.
The city of Colon was built because of the Panama Railroad, so the area was not set-up for the needs of the trains and the people.
Clean water and food had to be shipped in day and night by train to meet the needs.
When the railroad was complete, the job opportunities were abundant.
There were new superintendants, dispatchers, trainmasters, yardmasters, mechanics, engineers, conductors and many more jobs.
The Panama Railroad charged ¼ of a percent on all shipments of gold dust, nuggets and gold and silver coins.
In its first 12 years of operations, the Panama Railroad carried over $750 million of these precious metals.
Needless to say, the Panama Railroad was very profitable.
The Panama Railroad was integral in the construction of the Panama Canal, which facilitated the increase of international trade.
People saw that there was another way to cross the Americas, rather than traveling by boat around South America.
The train also transported the needed goods to Panama to help build the canal.
When the Panama Canal was complete, international trading was changed forever.
When you move to Panama with IntlMOVE, don’t miss your opportunity to take a ride on the Panama Railroad.