Over speculation means to over "guess." eg, majority of the people feel the stock market will go up, so they greedily buy, when in reality it's the peak already and stock market prices will drop soon.
Egypt's government nationalized the Suez Canal
This meant that the canal would now be controlled by the government and they planned to use the money earned from traffic going through the canal to finish funding the Aswan dam. This resulted in the Suez crisis in which France, the United Kingdom, and Israel, invaded Egypt. The canal was opened at a later time, but the war kept going on.
Answer:
Started the oil boom in the United States
Explanation:
Oil played a major part during the industrialization of the United States. It was first used as lighting fuel, processes for oil refining were invented during the latter part of the 19th century. During most of the 19th century, the United States was the largest producer of oil in the world.
