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Egypt · Economy & Business · Hard
What was the name of the 1956 economic measure that placed the Suez Canal under full government ownership and precipitated an international military crisis?
Answer: Nationalization Decree — President Nasser's nationalization of the Suez Canal Company on 26 July 1956 — announced during a speech in Alexandria — triggered the Suez Crisis, as Britain and France (the Canal's former owners) joined Israel in a tripartite military invasion that was ultimately halted by US and Soviet pressure.
- A Nationalization Decree ✓
- B Expropriation Act
- C Public Ownership Order
- D State Acquisition Law
President Nasser's nationalization of the Suez Canal Company on 26 July 1956 — announced during a speech in Alexandria — triggered the Suez Crisis, as Britain and France (the Canal's former owners) joined Israel in a tripartite military invasion that was ultimately halted by US and Soviet pressure.