Final answer:
The locks at the Caribbean side of the Panama Canal are known as the 'Panama Canal Locks', a crucial component of the waterway that connects the Atlantic and Pacific Oceans since its completion in 1914.
Step-by-step explanation:
The locks on the Caribbean side of the Panama Canal are known as the 'Panama Canal Locks'. These locks are part of the complex system that lifts vessels from sea level to the heights of Lake Gatún, which is 85 feet above sea level, and then lowers them back to sea level on the other side. The Panama Canal is an important waterway that was completed in 1914 and revolutionized maritime traffic by providing a shortcut between the Atlantic and Pacific Oceans, avoiding the lengthy and treacherous route around the tip of South America.