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Write a short note on Suez Canal |
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Answer» Answer: Suez Canal was STARTED in 1859 and completed in 1869 which was financed by the French and Egyptian governments as joint VENTURE. Canal was maintained and controlled by the Universal Company of the Suez Maritime Canal which is an Egyptian chartered group. This land is the only bridge between Asia and Africa, and it remained the Egyptian land. Canal after its completion took the advantage of its surrounding areas and location; it became an important strategic area because this is the SHORTEST path between the Mediterranean and Indian Ocean. This canal provided an easy access for trading between nations and helped Europe in particular to attain powers and govern their colonies. Due to debt and financial crisis in 1875, Egypt HEAD sold shares of the canal operating company to the British government. I HOPE you understand Mark me as a Brainliest Thank you Chitransh |
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