Suez Canal Flashcards
What difference did the Suez Canal make to the travel to India?
6,000 miles shorter than the route via cape
What made the travels to India 6,000 miles shorter than that via the cape?
Suez Canal
What happened between 1854 and 1856?
Ferdinand de Lesseps had obtained an allowance from Egypt to create a company to construct a canal for international shipping
When had Ferdinand de Lesseps obtain an allowance from Egypt to create a company to construct a canal for international shipping?
1854-1856
Who between the years of 1854-1856 obtain an allowance from Egypt to create a company to construct a canal for international shipping?
Ferdinand de Lesseps
What was formed in 1858?
Suez Canal Company
When was the Suez Canal company formed?
1858
How long was the Suez Canal company, formed in 1858, supposed to run the canal?
99 years
When had work began on the canal and when was it completed?
1859 and it was completed 10 years later
What began in 1859?
Construction of the Suez Cannal
When was the Canal completed?
10 years after work began in November 1869
When the canal was finished in 1869, who could access shares in the project?
Able to access internationally
Who had interest in the Suez Canal when it was completed in 1869?
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
Why did the British originally not buy a significant amount of shares for the Suez Canal?
They thought that the Canal would not be suitable for larger ships
What was the impact of the Suez Canal on on British traders in the Cape who operated warehouses for the storing of goods?
Reduced profits for them
Who did the Suez Canal reduce profits for?
British traders in the Cape who operated warehouses for the storing of goods
What was the impact of the Suez Canal reducing profits for British traders in the Cape who operated warehouses for the storing of goods?
November 1875: Disraeli bought shares from Isma’il Pasha (who was facing debt) that were worth £4million
Why did in November 1875 Disraeli buy shares from Isma’il Pasha (who was facing debt) that were worth £4million?
Suez Canal reduced the profits for British traders in the Cape who operated warehouses for the storing of goods
What happened in November 1875?
Disraeli bought shares from Isma’il Pasha (who was facing debt) that were worth £4million
When had Disraeli bought shares from Isma’il Pasha (who was facing debt) that were worth £4million?
November 1875
How much were the shares that the Disraeli bought of the Suez Canal in November 1875?
£4million
What was the impact of Disraeli buying shares worth £4 million of the Suez Canal in November 1875?
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
What gave British better control over the passage to India, an income from shipping tariffs and increased British interest in Egypt ?
Disraeli buying shares worth £4 million of the Suez Canal in November 1875
How did Disraeli get the £4million to purchase shares in the Suez Canal in November 1875?
Loans without even securing parliamentary consent and this caused a political outcry
