Aswan Dam industrialization. Like the earlier implementation, the High Dam has had a significant effect on the economy and culture of Egypt. Before the High Dam was built, even with the old dam in place, the annual flooding of the Nile during late summer had continued to pass largely unimpeded down the valley from its East African drainage basin. These floods brought high water with natural nutrients and minerals that annually enriched the fertile soil along its floodplain and delta; this predictability had made the Nile valley ideal for farming since ancient times. However, this natural flooding varied, since high-water years could
Aswan Dam that time the U.S. feared that communism would spread to the Middle East, and it saw Nasser as a natural leader of an anticommunist procapitalist Arab League. America and Britain offered to help finance construction of the High Dam, with a loan of $270 million, in return for Nasser's leadership in resolving the Arab-Israeli conflict. While opposed to communism, capitalism, and imperialism, Nasser presented himself as a tactical neutralist, and sought to work with both the U.S. and the USSR for Egyptian and Arab benefit. After a particularly criticized raid by Israel against Egyptian forces in Gaza in 1955, Nasser