In the early 1950s, Nassar sought funding for the Aswan High Dam, a project which would dam the Nile preventing damaging seasonal flooding, and provide hydroelectric power. Initially, the United States had agreed to fund it, but given the expulsion of British troops, the United States was pressured to withdraw support. In retaliation for the United States reneging on their pledge of support, Nassar nationalized the canal in 1956 following the withdrawal of British troops and planned to use funds generated by the canal to fund the dam. He further declared the dam closed to Israeli ships and cargo. | In the early 1950s, Nassar sought funding for the Aswan High Dam, a project which would dam the Nile preventing damaging seasonal flooding, and provide hydroelectric power. Initially, the United States had agreed to fund it, but given the expulsion of British troops, the United States was pressured to withdraw support. In retaliation for the United States reneging on their pledge of support, Nassar nationalized the canal in 1956 following the withdrawal of British troops and planned to use funds generated by the canal to fund the dam. He further declared the dam closed to Israeli ships and cargo. |