<P> The Isthmus of Panama (Spanish: Istmo de Panamá), also historically known as the Isthmus of Darien (Istmo de Darién), is the narrow strip of land that lies between the Caribbean Sea and the Pacific Ocean, linking North and South America . It contains the country of Panama and the Panama Canal . Like many isthmuses, it is a location of great strategic value . </P> <P> The isthmus formed around 2.8 million years ago . This major geological event separated the Atlantic and Pacific Oceans and caused the creation of the Gulf Stream . This was first suggested in 1910 by North American paleontologist Henry Fairfield Osborn . He based the proposal on the fossil record of mammals in Central America . This conclusion provided a foundation for Alfred Wegener when he proposed the theory of continental drift in 1912 . </P>

What two bodies of water does the isthmus of panama separate