The British
Egypt originally owned the Suez Canal and sold it to great Britain to pay off debts
They were in too much debt and sold it to Britain.
They were in too much debt and sold it to Britain.
The Egyptians orignally created it but then sold it to Britan to pay down debt :)
apex=They were in too much debt and sold it to Britain.er here...
british
Built by the French-owned Suez Canal Co. under the supervision of Ferdinand de LessepsThe Suez Canal was first built over 2,000 years ago. In 1859, the Suez Canal was built again, by the Universal Suez Ship Canal Company, and took 10 years to build. The first ship to pass through the canal did so on 17 February 1867; Giuseppe Verdi wrote the famous opera Aida for this ceremony. The canal made is possible to easily transport goods across the world. The canal also allowed Europeans to travel to East Africa, and this area was soon controlled by European powers. The success of the canal encouraged the French to start building the Panama Canal. After the Six Day War in 1967, the canal remained closed until June 5, 1975. A UN peacekeeping force has been stationed in the Sinai Peninsula since 1974, to avoid more wars. About 15,000 ships pass through the canal each year, which is about 14% of world shipping. Each ship takes up to 16 hours to cross the canal. Retrieved from "http://simple.wikipedia.org/wiki/Suez_Canal"
He is most responsible for beginning the canal's construction. His company (The New Panama Canal Company) began construction in 1878. Construction was halted though because of problems with engineering and disease. The canal was eventually sold to the US for $40 million. He is also responsible for the Suez Canal, by the way.
Economic ties between Egypt and Europe The near-bankruptcy of Egypt
No, It Was Sold Though.
No He sold it
money was sold to the government to help build the erie canal