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Question
egypt nationalized the suez canal during the suez crisis. what does this mean?
○ the egyptian government took control of the canal.
○ the egyptian people took control of the canal.
○ an egyptian company took control of the canal.
○ the egyptian government sold the canal to new owners.
Nationalization refers to a government taking control of a privately or foreign-owned asset, placing it under state ownership and control. In the context of the Suez Crisis, this action was carried out by the Egyptian state, not the general public, a private company, or a sale of the asset.
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A. The Egyptian government took control of the canal.