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Economic Insight > Blog > Economics > Cautionary Tales – Roosevelt and the Renegade (Panama Disaster 2)
Cautionary Tales – Roosevelt and the Renegade (Panama Disaster 2)
Economics

Cautionary Tales – Roosevelt and the Renegade (Panama Disaster 2)

EC Team
Last updated: May 23, 2025 5:59 pm
EC Team
Published May 23, 2025
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Sixteen years have passed since the devastating failure of Ferdinand de Lessons in Panama and the dramatic collapse of the French Panama Canal Company. Now President Theodore Roosevelt has taken up the task. “There is no single great material work,” Roosevelt tells Congress. “That’s what it is for Americans.”

Americans are cutting out their work. Enter Chief Engineer John Stevens. How does he find problems no one notices? And what will he do to solve it?

This episode was originally released on Pushkin+

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The road between the sea David McCullough, Canyon of Hell Matthew Parker, John Frank StevensClifford Foust, and Framers Kenneth Cukier, Viktor Mayer-Schonberger, Francis de Vericourt.

Academic Research:

Michael Hogan, “Theodore Roosevelt and the Heroes of Panama,” Presidential Research Quarter, vol. 19, No. 1, Part I: American Foreign Policy in the 1990s and Part II: TR, Wilson and the Progressive Era, 1901-1919 (Winter 1989), pp. 79-94

Jones, EE; Harris, VA (1967). “Attributes.” Journal of Experimental Social Psychology. 3(1):1–24. doi: 10.1016/0022-1031 (67) 90034-0. (See also Patrick Healy.”Basic attribution errors“.)

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