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What were the consequences of suez canal crisis?

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What were the consequences of suez canal crisis?

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The Suez Canal in Egypt was opened in 1869. The shipping canal is 171 km (106 miles) long and connects the Mediterranean at Port Said with the Red Sea. A substantial shareholding (172,602 shares) was purchased by the British government in 1875. In 1882 the British Army occupied Egypt in order to protect the Suez Canal. They remained in Egypt and the British government installed a Counsul-General to rule the country. On the outbreak of the Second World War the British had 36,000 troops guarding the canal and the Arabian oil fields. In 1952 General Mohammed Neguib and Colonel Gamal Abdel Nasser forced Farouk I to abdicate. After the Egyptian Revolution Neguib became commander-in-chief, prime minister and president of the republic whereas Nasser held the post of Minister of the Interior. In April 1954 Nasser replaced Neguib as prime minister. Seven months later he also became president of Egypt. Over the next few months Nasser made it clear he was in favour of liberating Palestine from th

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