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economy. In 1894, according to estimates by the U.S. ambassador to Nicaragua and Costa Rica, between 90% and 95% of foreign investment in Nicaragua came from the United States. Zelaya hoped that the U.S. would build the interoceanic canal in Nicaragua, but the U.S. decision to build it in Panama, among other factors, soured bilateral relations. The disillusioned Zelaya became a fierce nationalist, determined to end U.S. influence in the

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