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.

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