Aswan Dam allies in the Middle East, including Turkey and Iraq, were irritated and jealous that Egypt, a persistently neutral country, was being offered so much aid. In June 1956, the Soviets offered Nasser $1.12 billion at 2% interest for the construction of the dam. On 19 July the U.S. State Department announced that American financial assistance for the High Dam was "not feasible in present circumstances." On 26 July 1956, with wide Egyptian acclaim, Nasser announced the nationalization of the Suez Canal as well as fair compensation for the former owners. Nasser planned on the revenues generated by the canal helping
Risks to the Glen Canyon Dam of between 500–700 years. Glen Canyon Dam is a concrete arch dam on the Colorado River in northern Arizona in the United States, just north of Page. The dam was built to provide hydroelectricity and flow regulation from the upper Colorado River Basin to the lower. Its reservoir is called Lake Powell, and is the second largest artificial lake in the country, extending upriver well into Utah. The dam is named for Glen Canyon, a colorful series of gorges, most of which now lies under the reservoir. Construction of Glen Canyon Dam started in 1956 and was not finished until