Seven Wonders of the Modern World : 4. The Panama Canal. Panama Perhaps no single engineering project has ever consumed the amount of time, expense, and labor required to complete the Panama Canal, which allows ships to travel from the Atlantic to the pacific Ocean without sailing all the way around South americaSeven Wonders of the Modern World 4. The Panama Canal, Panama Perhaps no single engineering project has ever consumed the amount of time, expense, and labor required to complete the Panama Canal, which allows ships to travel from the Atlantic to the Pacific Ocean without sailing all the way around SouthAmerica