Section One-Scramble For Africa-Suez Canal Flashcards
1
Q
Who bought Egypt’s share in the Suez Canal?
A
British Prime Minister Benjamin Disraeli. It gave Britain an income from shipping tariffs
2
Q
When did Disraeli buy shares in the Suez Canal?
A
1875
3
Q
When was the Suez Canal built?
A
Work began in 1859 and was finished in 1869
4
Q
Why did British interest in Egyptian Produce rise?
A
British interest in Egypt was revived during 1861-65 when British mills were starved of raw cotton- Egypt end up 40% of cotton for Britain
5
Q
Why and how much did Disraeli buy the canal for?
A
The canal immediately reduced profits of those British traders in the Cape who operated warehouses for the storing of goods; Disraeli sold the canal for £4 million
