Suez Canal an interest history and sometimes unexpected results

This morning watch Bloomberg T.V they did quite bit on Suez Canal.The Canal has interesting history and sometimes unexpected results.For example,it's opening in 1869  which many thought would bring era prosperity to world economy did the opposite.Suez Canal made good so much cheaper because traveling less time,less money that lead glut of goods on world market which lead to world depression,economists call it creative destruction.
Suez Canal was brainchild of brilliant man Ferdinand de Lesseps  also Panama Canal was his baby.
In 1875 the Egyptian khedive near bankruptcy sold his interest in Canal to the British Government,who become the majority owner,hence the creation of Suez Company Canal company,which believe still exist today in different form and has nothing to do with Canal.Believe where I live Fort Lee,New Jersey the local water company,United Water is a subsidiary of Suez environmental Group,an offshoot of the Suez Company.When Sarkozy was President of France,he want the Suez Company to concentrate on energy and and get rid of other business,mostly dealing with water.
When British took change of the Suez Canal Egypt become almost a semi-colony of Britain.A coup took place,which lead to Nasser become a dictator and he nationalize the canal.In 1956 Britain France and Israel went war with Egypt and looked like Nasser and his government were doomed,but believe or not,the U.S.A  saved him.
The canal today about 5 percent world oil goes through and about 10 percent of all seabourd traffic.It account for 10 percent of Egyt's revenue and 2.5 percent of it's G.N.P.