WORLD HISTORY

Detailed explanation-1: -In the end, Egypt emerged victorious, and the British, French and Israeli governments withdrew their troops in late 1956 and early 1957. The event was a pivotal event among Cold War superpowers.

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: -The canal is operated and maintained by the state-owned Suez Canal Authority (SCA) of Egypt.

Detailed explanation-4: -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-5: -On July 26, 1956, Egyptian President Gamal Abdel Nasser announced the nationalization of the Suez Canal Company, the joint British-French enterprise which had owned and operated the Suez Canal since its construction in 1869.