Buying Egypt's shares in the Suez Canal benefit Britain because it gave Britain partial control of the canal and enabled trade with Asia.
Britain did buy Egypt’s shares in the Suez Canal benefit because at that time Egypt was experiencing a financial crisis and needed money. British control of this channel provides the flexibility to control the entry of Asian trade.
EXPLANATION
The Suez Canal is a non-natural waterway that joins the Mediterranean Sea to the Indian Ocean via the Red Sea. This canal allows a more effective route for trade between Europe and Asia. Because this waterway is very important for worldwide commerce, as an outcome, the canal has been the core of conflict since it opened in 1869. A company from France who first built this canal.
The Suez Canal was under British control since 1882, exactly thirteen years after its construction was completed. Then there was a civil war in Egypt at that time, British troops moved in to protect the canal from war. At that time, the British government succeeded in having part of the canal because the Egyptian authorities sold it to England because Egypt needed money to overcome the crisis they experienced.
The Suez Canal became very important for Britain because the amount of trade between Britain and India (as a commonwealth) was so high. By going through the canal they saved a lot instead of having to turn to Africa, the ship saved a lot of time - on average two-thirds of the trip.
LEARN MORE
If you’re interested in learning more about this topic, we recommend you to also take a look at the following questions:
• The 1956 Suez Crisis began when
https://brainly.com/question/899466
Keyword: Suez Canal, British Control, Asian Trade.
Subject: History
Class: 7-9
Subchapter: Suez Canal
