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(Archived document, may contain errors) 31 August 31. 1977 THE CANAL ZONE PANAMA AND THE US 1 SUMMARY OF CONTENTS I Brief Historical Background 1 Early Interest 1 Creation of Panama 2 Acquisition of Zone 3 I1 Importance to the United. States and to the Western World 3 Economic Importance 3 Military Importance 4 I11 Benefits to Panama 4 IV Towards a New Treaty 5 Demonstrations 5 Kissinger-Tack Principles 5 Summary of Major Arguments 6 InFavor 6 Opposed 7 V Special Interests 9 U.S.Banks 9 Panama Economy 9 VI Congressional Approval 10 1.7