Exploring the Significance of the Suez Canal in Global Trade

The Suez Canal is a vital maritime route linking the North Atlantic to Asia, playing a crucial role in global trade, especially in oil transport. Constructed in the 19th century, it significantly reduced travel time between Europe and Asia. Initially controlled by the British and French, it was nationalized by Egypt in 1956, leading to the Suez Crisis. Today, it remains a key economic asset for Egypt, generating substantial revenue.

Which two seas does the Suez Canal connect?

• Black Sea and Caspian Sea

• Indian Ocean and Pacific Ocean

• Mediterranean Sea and Red Sea

• Atlantic Ocean and Indian Ocean

What is the primary function of the Suez Canal in global trade?

• Facilitating local trade within Egypt

• Transporting oil and goods between continents

• Acting as a military base

• Serving as a tourist attraction

How did the Suez Canal impact the travel time from Europe to Asia?

• It increased the travel time by a quarter

• It reduced the travel time by half

• It had no significant impact

• It doubled the travel time

Who initially opposed the construction of the Suez Canal?

• Italy

• The United States

• The Ottoman Empire

• Britain

What major technological advancement helped complete the Suez Canal?

• Electricity

• Steam-powered dredgers and shovels

• Gasoline engines

• Hydraulic systems

What was a direct consequence of the American Civil War on Egypt's economy?

• Expansion of the Suez Canal

• Reduction in oil exports

• Increase in cotton prices

• Decrease in tourism

What was the main reason behind Britain's purchase of Egypt's share in the Suez Canal Company in 1875?

• To invest in tourism

• To help Egypt financially

• To control the canal's operations

• To gain a strategic military position

Which Egyptian leader nationalized the Suez Canal in 1956?

• Mohamed Morsi

• Hosni Mubarak

• Gamal Abdel Nasser

• Anwar Sadat

What was the outcome of the Suez Crisis in 1956?

• Egypt lost control of the canal

• The United States took control of the canal

• The canal was closed permanently

• Britain, France, and Israel withdrew their forces

What is the estimated annual revenue of the Suez Canal as projected for 2022?

• $10 billion

• $3 billion

• $7 billion

• $5 billion