QUESTION IMAGE
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 in a political and economic context means the transfer of an industry or asset from private or foreign control to state (government) control. So when Egypt nationalized the Suez Canal, it was the Egyptian government that took control of the canal. The other options are incorrect: the people as a general group don't take control in nationalization (it's the government), a company (private) isn't the entity in nationalization, and nationalization is taking control, not selling.
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A. The Egyptian government took control of the canal