Unformatted text preview: the Egyptian treasury. The reason why the British were so interested in Egypt defaulting on their loan is not because of the money, it was all because of the Suez Canal. Along with the French the control of the Suez Canal, guaranteed the two countries that they would be able to trade and communicate with their colonies in Asia weeks faster than before. This made Egypt at first a key spot for the British, but when World War 1 broke it became a even more important factor as it allowed the British to attack the Ottomans from the south. The British sent soldiers from all of their colonies to Egypt to aid in the massive war. After the defeat of the Ottomans, the British rewarded Faisal I by making him the king of Iraq in 1921. He reigned in Iraq until 1933....
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- Fall '08