quick shares of suez canal Flashcards
Before Isma’il sold the shares in the suez canal, how many shares were held by frenchmen? (2)
- 50% French (not one individual but lots of small groups)
Before Isma’il sold the shares in the suez canal, how many shares were held by Egyptians? (1/2)
- 44% Egyptian Government
Before Isma’il sold the shares in the suez canal, how many shares were held by Ottomans? (2)
- 6% private wealthy Ottoman Individuals
In 1869, what proportion of the ships using the Suez Canal are British?
3/4
In which year were 3/4 of the ships using the Suez Canal British?
1869
When did Isma’il put the shares up for sale?
1875
how big were Isma’il’s debts that he was willing to put the governments shares in the suez canal up for sale?
a. 100 million
How much did Disraeli buy Egypts shares for?
b. £4,000,000
Movements made. (5)
- Conservative (pro-imperial) PM Benjamin Disraeli. Knows that British needs to have a stake in the Canal.
- By 1875, the leader Ismail had massive debts (Egypt’s debts in total) (2)
- Disraeli immediately bought up the shares. (2)
- Once The British have a controlling share in the canal, they start to pay more attention to the rest of Egypt. (3)
- His justifications that he says afterwards. (4)
Movements made. (5)
2. By 1875, the leader Ismail had massive debts (Egypt’s debts in total) (2)
a. 100 million pound debts
b. SO, he puts the Egyptian Shares for the Canal up for sale.
Movements made. (5)
3. Disraeli immediately bought up the shares. (2)
a. Doesn’t consult parliament. Just buys it by borrowing money from a personal friend.
b. £4,000,000
Movements made. (5)
4. Once The British have a controlling share in the canal, they start to pay more attention to the rest of Egypt. (3)
a. They have the control because all of the other shares are owned by small groups.
b. So, any votes that they make the British Government wins.
c. Because they are effectively one person owning the shares and so all of that shares’ worth is voting for one thing.
Movements made. (5)
5. His justifications that he says afterwards. (4)
a. It’s not to do with money (although there is money to be made)
b. A hostile power should not be in charge to a strategic route to India.
c. Allows for other dependencies.
d. MAINTENANCE (lets stop things from going badly)