Word: egyptianized
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Dates: during 1950-1959
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...Cairo refinery. While Soviet Ambassador to Egypt Evgeny Kiselev nodded approvingly in the audience, Nasser spluttered his anger at the U.S. withdrawal of its offer to build the billion-dollar Aswan Dam, and branded as "lies" the U.S. explanation that it acted because of the shakiness of the Egyptian economy (TIME, July 30). Choking on his own fury. Nasser promised: "Egypt is going ahead with the High...
...desire ... The annual income of the Suez Canal is $100 million. Why not take it ourselves? In the name of the nation, the President of the Republic resolves that the World Maritime Company of the Suez Canal will be nationalized ... At this very moment some of your Egyptian brethren are taking over the Canal Company...
...matter to them that Nasser was wildly askew with history and simple finance. The Suez Canal was dug with a loss, not of 120,000 lives, but of a few hundred, and Britain bought Egypt's shares in the canal only after the debt-ridden Egyptian government voluntarily offered them...
...this point the Egyptian ambassador stomped out. declaring the French protest to be "inadmissible and unacceptable." The U.S. State Department at first seemed to take the attitude that it might be best to let Britain and France (who together own 88% of the Canal Company) fight their own battles. But after White House discussions, and long-distance conversations with John Foster Dulles in Lima, Peru, State's attitude hardened. It was Nasser himself who helped to harden...
...Cairo station Nasser was met by a screaming crowd of 200,000 carrying banners and pictures of Nasser. As he rode from the station to his office, chanting, dancing throngs showered him with flowers, hailed him as the "Hero of Nationalization, Hero of Bandung, Hero of Brioni, the first Egyptian to rule Egypt!" Standing at last before his office window-it had taken his Cadillac an hour and a half to make what is usually a seven-minute trip-Nasser shouted his defiant answer: "The noise that we expected arose in London and Paris without any justification except imperialist reasons...