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Events on Monday 18 November 1901 1
1901Hay-Pauncefote Treaty SignedBritain cedes exclusive canal rights to the United StatesSigned on 18 November 1901, the Hay-Pauncefote Treaty between the United States and Britain superseded the 1850 Clayton-Bulwer Treaty and gave the US sole authority to build, control, and fortify a canal across Central America. It cleared the diplomatic path for construction of the Panama Canal. Britain received no toll concessions in return.