Panama City, also known as Panama, is the capital and largest city of Panama. It has a total population of 1,086,990, with over 1,500,000 in its urban area. The city is located at the Pacific entrance of the Panama Canal, in the province of Panama. The city is the political and administrative center of the country, as well as a hub for banking and commerce.

Sir Henry Morgan was a Welsh privateer, plantation owner, and, later, Lieutenant Governor of Jamaica. From his base in Port Royal, Jamaica, he raided settlements and shipping on the Spanish Main, becoming wealthy as he did so. With the prize money from the raids, he purchased three large sugar plantations on the island.