Why did Egypt's president Nasser nationalize the Suez Canal in 1956? Egyptian officials determined the canal was dangerous and in dire need of repair. The act was to support an American and British financing decision on the Aswan High Dam. It was a nationalistic and retaliatory move to bring control of the canal under Egypt's command. The canal was seized because Nasser thought it would ease tensions with Britain, France, and the United States.

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

Explanation:

learned this back in 6th grade

Key model. The Production Possibilities Curve (PPC) is a model that captures scarcity and the opportunity costs of choices when faced with the possibility of producing two goods or services. ... The bowed out shape of the PPC in Figure 1 indicates that there are increasing opportunity costs of production.