Suez Canal Flashcards

1
Q

What difference did the Suez Canal make to the travel to India?

A

6,000 miles shorter than the route via cape

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2
Q

What made the travels to India 6,000 miles shorter than that via the cape?

A

Suez Canal

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3
Q

What happened between 1854 and 1856?

A

Ferdinand de Lesseps had obtained an allowance from Egypt to create a company to construct a canal for international shipping

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4
Q

When had Ferdinand de Lesseps obtain an allowance from Egypt to create a company to construct a canal for international shipping?

A

1854-1856

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5
Q

Who between the years of 1854-1856 obtain an allowance from Egypt to create a company to construct a canal for international shipping?

A

Ferdinand de Lesseps

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6
Q

What was formed in 1858?

A

Suez Canal Company

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7
Q

When was the Suez Canal company formed?

A

1858

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8
Q

How long was the Suez Canal company, formed in 1858, supposed to run the canal?

A

99 years

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9
Q

When had work began on the canal and when was it completed?

A

1859 and it was completed 10 years later

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10
Q

What began in 1859?

A

Construction of the Suez Cannal

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11
Q

When was the Canal completed?

A

10 years after work began in November 1869

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12
Q

When the canal was finished in 1869, who could access shares in the project?

A

Able to access internationally

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13
Q

Who had interest in the Suez Canal when it was completed in 1869?

A

Outside France there was little interest. British were rather sceptical about the project, since they thought that the Canal would not be suitable for larger ships

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14
Q

Why did the British originally not buy a significant amount of shares for the Suez Canal?

A

They thought that the Canal would not be suitable for larger ships

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15
Q

What was the impact of the Suez Canal on on British traders in the Cape who operated warehouses for the storing of goods?

A

Reduced profits for them

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16
Q

Who did the Suez Canal reduce profits for?

A

British traders in the Cape who operated warehouses for the storing of goods

17
Q

What was the impact of the Suez Canal reducing profits for British traders in the Cape who operated warehouses for the storing of goods?

A

November 1875: Disraeli bought shares from Isma’il Pasha (who was facing debt) that were worth £4million

18
Q

Why did in November 1875 Disraeli buy shares from Isma’il Pasha (who was facing debt) that were worth £4million?

A

Suez Canal reduced the profits for British traders in the Cape who operated warehouses for the storing of goods

19
Q

What happened in November 1875?

A

Disraeli bought shares from Isma’il Pasha (who was facing debt) that were worth £4million

20
Q

When had Disraeli bought shares from Isma’il Pasha (who was facing debt) that were worth £4million?

A

November 1875

21
Q

How much were the shares that the Disraeli bought of the Suez Canal in November 1875?

A

£4million

22
Q

What was the impact of Disraeli buying shares worth £4 million of the Suez Canal in November 1875?

A

Gave British better control over the passage to India
Controlling stake even though France had more shares
An income from shipping tariffs
Increased British interest in Egypt

23
Q

What gave British better control over the passage to India, an income from shipping tariffs and increased British interest in Egypt ?

A

Disraeli buying shares worth £4 million of the Suez Canal in November 1875

24
Q

How did Disraeli get the £4million to purchase shares in the Suez Canal in November 1875?

A

Loans without even securing parliamentary consent and this caused a political outcry

25
Q

Why did Disraeli’s purchase of the Suez Canal (cost £4 million) in November 1875 cause a political outcry?

A

Funded this through loans without even securing parliamentary consent and this caused a political outcry