Aswan Dam environmental problems, these have proved to be significantly less severe than was generally expected, or currently believed by many people." Another observer disagreed and he recommended that the dam should be torn down. Tearing it down would cost only a fraction of the funds required for "continually combating the dam's consequential damage" and 500,000 hectares of fertile land could be reclaimed from the layers of mud on the bed of the drained reservoir. Periodic floods and droughts have affected Egypt since ancient times. The dam mitigated the effects of floods, such as those in 1964, 1973, and 1988. Navigation along
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