events
Following the World Bank's refusal to fund building the Aswan Dam, Egyptian leader Gamal Abdel Nasser nationalizes the Suez Canal, sparking international condemnation.
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World Bank Group
Group making loans to developing countries
The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Group. The bank is headquartered in…Source: Wikipedia (CC BY-SA)
Aswan Dam
Dam in Aswan, Egypt
The Aswan Dam, or Aswan High Dam, is one of the world's largest embankment dams, which was built between 1960 and 1970 across the Nile in Aswan, Egypt. The project was developed by the military regime that took power following the 1952 Egyptian revolution, to better control…Source: Wikipedia (CC BY-SA)
Egypt
Country spanning Africa and Asia
Egypt, officially the Arab Republic of Egypt, is a country spanning the northeast corner of Africa and southwest corner of Asia via the Sinai Peninsula. It is bordered by the Mediterranean Sea to the north, the Gaza Strip of Palestine and Israel to the northeast, the Red Sea to…Source: Wikipedia (CC BY-SA)
Gamal Abdel Nasser
President of Egypt from 1956 to 1970
Gamal Abdel Nasser Hussein was an Egyptian military officer and revolutionary who served as the second president of Egypt from 1954 until his death in 1970. Nasser led the Egyptian revolution of 1952 and introduced far-reaching land reforms the following year. Following a 1954…Source: Wikipedia (CC BY-SA)
Suez Canal
Artificial sea-level waterway in Egypt
The Suez Canal is an artificial sea-level waterway in Egypt, connecting the Mediterranean Sea to the Red Sea through the Isthmus of Suez and dividing Africa and Asia. It is the border between Africa and Asia. The 193.30-kilometre-long (120.11 mi) canal is a key trade route…Source: Wikipedia (CC BY-SA)
Suez Crisis
1956 British–French–Israeli invasion of Egypt
The Suez Crisis, also known as the second Arab–Israeli war, the Tripartite Aggression in the Arab world and the Sinai War in Israel, was a British–French–Israeli invasion of Egypt in 1956. Israel invaded on 29 October, having done so with the primary objective of re-opening the…Source: Wikipedia (CC BY-SA)