Egypt nationalized the Suez Canal during the Suez Crisis. What does this mean? The Egyptian government took control of the canal

Question

3 years ago

5

Egypt nationalized the Suez Canal during the Suez Crisis. What does this mean? The Egyptian government took control of the canal

. The Egyptian people took control of the canal. An Egyptian company took control of the canal. The Egyptian government sold the canal to new owners.

History

2 answers:

Molodets [167] · Answer 1 · 2021-12-31T15:55:22+03:00

Molodets [167]3 years ago

8 0

The Egyptian government took control of the canal.

horrorfan [7] · Answer 2 · 2021-12-31T17:06:36+03:00

The answer is:

The Egyptian government took control of the canal.

When a country nationalizes somethings, that just means that they take it from its owner, in some cases they buy it form the owner, and it´s now administrated by the state, many companies in the world provide and help countries to increase its national budget by bein nationalized by the State, teh Panama Canal is another example of that.