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Egypt nationalizes the Suez Canal. After World War II, Egypt pressed for evacuation of British troops from the Suez Canal Zone, and in July 1956 President Nasser nationalized the canal, hoping to charge tolls that would pay for construction of a massive dam on the Nile River.
Likewise, people ask, what was the main reason for building the Suez Canal?
It is an important structure because most of the goods transported around the world back then and nowadays, is done by sea. The Suez Canal officially opened for business on November 17th 1969. The main reason for opening the canal was that it offered Indian merchants a shorter way to reach Africa.
People also ask, why did Israel want the Suez Canal?
Israeli armed forces push into Egypt toward the Suez Canal, initiating the Suez Crisis. The catalyst for the joint Israeli-British-French attack on Egypt was the nationalization of the Suez Canal by Egyptian leader General Gamal Abdel Nasser in July 1956. The situation had been brewing for some time.
Suez Canal, Port Said. The 1956 Suez Crisis, when Britain along with France and Israel invaded Egypt to recover control of the Suez Canal, was arguably one of the most significant episodes in post-1945 British history. It's outcome highlighted Britain's declining status and confirmed it as a 'second tier' world power.