WORLD HISTORY

Detailed explanation-1: -The Suez Crisis was an international crisis in the Middle East that was precipitated on July 26, 1956, when the Egyptian president, Gamal Abdel Nasser, nationalized the Suez Canal.

Detailed explanation-2: -The 1956 Suez Crisis, when Britain along with France and Israel invaded Egypt to recover control of the Suez Canal, was arguably one of the most significant episodes in post-1945 British history. Its outcome highlighted Britain’s declining status and confirmed it as a ‘second tier’ world power.

Detailed explanation-3: -Britain gained influence over the Suez Canal Company by purchasing a large portion of its stock. In 1875, after years of maintaining the large external debts accumulated by Said Pasha, his successor Ismail Pasha sold Egypt’s share in the canal, nearly 44 percent of the stock, to Britain.

Detailed explanation-4: -Suez Canal Authority (SCA) is an Egyptian state-owned authority which owns, operates and maintains the Suez Canal.