Politics & Government

Gamal Abdel Nasser Nationalizes the Suez Canal

In response to the World Bank's refusal to finance the Aswan Dam, Egyptian leader Gamal Abdel Nasser announced the nationalization of the Suez Canal. This pivotal moment occurred amid rising tensions over control of the canal, which was vital for global trade. Nasser aimed to assert Egypt's sovereignty and use the canal's revenues to fund the dam project. The decision sparked widespread international condemnation, particularly from Britain and France, revealing the escalating geopolitical conflicts in the region.

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