How did the construction of the Panamá Canal affect the transportation industry?

(1 point)
Responses

It cut down on costs and time to get from one ocean to the other.
It cut down on costs and time to get from one ocean to the other.

It added travel time to get from one ocean to the other.
It added travel time to get from one ocean to the other.

It closed off trade and denied participation in the economy to many countries.

1 answer

The correct response is:

It cut down on costs and time to get from one ocean to the other.

The construction of the Panamá Canal allowed ships to transit between the Atlantic and Pacific Oceans much more quickly and efficiently, drastically reducing travel time and transportation costs.