Because Great Britain owned a lot of it, which it lost with the nationalisation
Colonel Nasser of Egypt nationalised the Suez canal, much to the disapproval of Britain & France.
The Suez Crisis took place when the nation of Egypt decided to nationalize the Suez Canal. Israel and Great Britain attacked Egypt because of it.
Gamal Abdel Nasser, President of Egypt, decided on July 26, 1956 to nationalize the Suez Canal.
he Suez Canal was built by a company from which country?
Britain
Egypt owned it for a short time, and then Britain took control of it.
Egypt originally owned the Suez Canal and sold it to great Britain to pay off debts
In 1875, Egypt found itself in debt. As a result it chose to sell its shares of the Suez Canal to Great Britain. The Suez Canal is strategic for trade and defense purposes.
The Suez Canal in 1956
The Suez Canal is and was used to for transportation of goods/supplies and people. When the Suez Canal was built, it was meant for transporting goods from South Asia to Europe. The Suez Canal was originally built by the French, but Great Britain bought it from them when it was completed and the canal became an important foothold in WWI and WWII.
Egypt owns and has complete control of the Suez Canal. The canal is totally located in Egypt.
Great Britain ~Rhett Miller