The Suez Crisis,What was the problem with nationalising the canal?

Question

And What Does Nationalising Mean?

Answer 1

Access.

Something is 'nationalized' when a government decides to take that thing out of private hands. Many people might call the same thing 'stealing', but sometimes it is done for very good reasons. For example, in America the passenger trains were all nationalized because they weren't profitable enough to succeed as a private business yet were deemed important enough to the public to continue existing.

The Suez Canal, however, was a whole other kettle of fish. Many nations had spent lots of money getting that canal built, and they all expected to be able to use it. So when Egypt siezed control of the Canal and declared it to be national property, it made all those investors and future users edgy. And indeed, it was the president of Egypt's plan to charge the very people who had paid for the Canal and thereby produce more revenue for his nation.

As you can imagine, this did not sit too well with those various nations, France and England being prominently among them. It was enough to cause an invasion. I don't think Egypt would have held together too well if other countries hadn't intervened. The U.N. esablished a permanent force to ensure the neutrality of the canal thereafter.

Answer 2

It means that the Egyptian government needs Egypt to possess the canal. The historic past of the Suez Canal is crammed with intrigue, the Egyptian government has believed for years that the Canal replaced into actually stolen from them and elect it back. regrettably, the Suez undertaking can provide an economic undertaking that includes nationalist and non secular factors, none of that are actual resolved.

Answer 3

Nationalizing the Suez Canal gave Egypt sole control of the canal's transport activities, thereby interrupting free trade between Europe and Asia. Egyptian President Nasser nationalized the Canal in 1956, in order to finance the Aswan Dam Project. England, France and Israel invaded Egypt in order to re-open the canal to free trade. The threat of intervention on behalf of Egypt by the Soviet Union and pressure from the United States ended the crisis.

Answer 4

thousands of Egyptians died digging the canal, and the corrupted king sold Egypt's shares to the colonists. it's a matter of blood more than money.

Answer 5

yes yes no what?