External debts force Said Pasha's successor, Isma'il …
Years: 1875 - 1875
External debts force Said Pasha's successor, Isma'il Pasha, to sell his country's share in the Suez Canal for four million pounds to the United Kingdom in 1875, but French shareholders still hold the majority.
Prime Minister Benjamin Disraeli is accused by William Ewart Gladstone of undermining Britain's constitutional system, because he had not referred to, or obtained consent from, Parliament when purchasing the shares with funding from the English branch of the House of Rothschild.
Locations
People
Groups
- Britain (United Kingdom of Great Britain and Ireland)
- Rothschild, N. M., and Sons
- Egypt, Khedivate of
- France (French republic); the Third Republic
