Why did Egypt nationalize the Suez Canal?

On July 26, 1956, Egyptian President Gamal Abdel Nasser decided to nationalize the canal in order to facilitate the financing of the construction of the Aswan dam and, in response to the refusal of the United States and the United Kingdom to finance the work.

Explanation:

Hi! After World War II, Egypt pressed for evacuation of British troops from the Suez Canal Zone, and in July 1956 President Nasser nationalized the canal, hoping to charge tolls that would pay for construction of a massive dam on the Nile River. ...

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Explanation:

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