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Why Did Nasser Nationalise the Suez Canal ? - History

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Question

Why did Nasser nationalise the Suez Canal?

One Line Answer

Solution

The Americans canceled a promised grant of 46 million dollars for building the Aswan Dam. Nasser retaliated by nationalizing the Suez Canal intending to use the income from it to finance the Dam.

shaalaa.com
The Arab-israeli Wars from 1948 to Camp David Accord (1979)
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2015-2016 (March) set 1
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