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Tom [10]
3 years ago
10

Egypt borrowed money from what country to build the Suez Canal?

History
1 answer:
pashok25 [27]3 years ago
8 0

Answer:

In 1854, Ferdinand de Lesseps, the former French consul to Cairo, secured an agreement with the Ottoman governor of Egypt to build a canal 100 miles across the Isthmus of Suez.

Explanation:

In 1873, Ismail borrowed £30 million (more than double the cost of the canal) to continue building other infrastructure in Egypt. By 1875, the Egyptian treasury was £100 million in debt, and no lender would issue Ismail money to pay for the December debt instalment of several million pounds.

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