The possibility of economic riches in Nicaragua…
1840 CE to 1851 CE
Afraid of Britain's colonial intentions, Nicaragua holds discussions with the United States in 1849, leading to a treaty that gives the United States exclusive rights to a transit route across Nicaragua.
In return, the United States promises to protect Nicaragua from other foreign intervention.
On June 22, 1849, the first official United States representative, Ephraim George Squier, arrives in Nicaragua.
Both liberals and conservatives welcome the United States diplomat.
A contract between Commodore Cornelius Vanderbilt, a United States businessman, and the Nicaraguan government is signed on August 26, 1849, granting Vanderbilt's company—the Accessory Transit Company—exclusive rights to build a transisthmian canal within twelve years.
The contract also gives Vanderbilt exclusive rights, while the canal is being completed, to use a land-and-water transit route across Nicaragua, part of a larger scheme to move passengers from the eastern United States to California.
The westbound journey across Nicaragua begins by small boat from San Juan del Norte on the Caribbean coast, traveled up the Rio San Juan to San Carlos on Lago de Nicaragua, crosses Lago de Nicaragua to La Virgen on the west shore, then continues by railroad or stagecoach to San Juan del Sur on the Pacific coast.
In September 1849, the United States-Nicaragua treaty, along with Vanderbilt's contract, is approved by the Nicaraguan Congress.
Locations
People
Groups
Pipil people
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Christians, Roman Catholic
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Spaniards (Latins)
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United States of America (US, USA) (Washington DC)
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Britain (United Kingdom of Great Britain and Ireland)
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Spain, Bourbon Kingdom (first restoration) of
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Central America, United Provinces of
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Guatemala, Republic of
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Honduras, Republic of
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Costa Rica, Republic of
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Nicaragua, Republic of
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Mexico, Second Federal Republic of
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