Which 19th-century debt crisis led to the establishment of the Caisse de la Dette Publique — a system of European financial control over Egypt's revenues that lasted until 1940?

• A The 1876 bankruptcy under Khedive Ismail ✓
• B The 1840 default under Muhammad Ali
• C The 1882 debt restructuring after Urabi revolt
• D The 1907 stock market crash

Khedive Ismail's lavish spending on infrastructure and his personal extravagance — including the Suez Canal's opening ceremonies — bankrupted the state in 1876, leading Britain and France to impose the Caisse de la Dette Publique, which directly collected tax revenues to service the debt and laid the groundwork for the 1882 British occupation.