The Suez Canal in Egypt Was Opened in 1869.Docx

Topics: Gamal Abdel Nasser, Egypt, Israel Pages: 2 (672 words) Published: October 7, 2010
The Suez Canal in Egypt was opened in 1869. The shipping canal is 171 km (106 miles) long and connects the Mediterranean at Port Said with the Red Sea. A substantial shareholding (172,602 shares) was purchased by the British government in 1875. In 1882 the British Army occupied Egypt in order to protect the Suez Canal. They remained in Egypt and the British government installed a Counsel-General to rule the country. On the outbreak of the Second World War the British had 36,000 troops guarding the canal and the Arabian oil fields. In 1952 General Mohammed Neguib and Colonel Gamal Abdel Nasser forced Farouk I to abdicate. After the Egyptian Revolution Neguib became commander-in-chief, prime minister and president of the republic whereas Nasser held the post of Minister of the Interior. In April 1954 Nasser replaced Neguib as prime minister. Seven months later he also became president of Egypt. Over the next few months Nasser made it clear he was in favour of liberating Palestine from the Jews. He also began buying fighter aircraft, bombers and tanks from the Soviet Union and Czechoslovakia. Gamal Abdel Nasser redistributed land in Egypt and began plans to industrialize the country. He also began the building of the Aswan Dam. Nasser was convinced that this would extend arable lands in Egypt and would help the industrialization process. He also advocated Arab independence and reminded the British government that the agreement allowing to keep soldiers at Suez expired in 1956. President Dwight Eisenhower became concerned about the close relationship developing between Egypt and the Soviet Union. In July 1956 Eisenhower cancelled a promised grant of 56 million dollars towards the building of the Aswan Dam. Nasser was furious and on 26th July he announced he intended to nationalize the Suez Canal. The shareowners, the majority of whom were from Britain and France, were promised compensation. Nasser argued that the revenues from the Suez Canal would help to finance...
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