In what year did Egypt sell its portion of Suez Canal?
The Suez Canal, built in partnership with the French, was completed in 1869. Its construction led to enormous debt to European banks, and caused popular discontent because of the onerous taxation it required. In 1875 Ismail was forced to sell Egypt's share in the canal to the British Government. Within three years this led to the imposition of British and French controllers who sat in the Egyptian cabinet, and, "with the financial power of the bondholders behind them, were the real power in the Government."