What did change in Egypt during Gamal Nasser’s presidency?

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In 1956 Nasser nationalized the Anglo-French Suez Canal Company to finance the construction of a new High Dam at Aswan, following the World Bank’s refusal to advance Egypt a promised 200 million dollars. All private banks and insurance companies, as well as firms in heavy and basic industries,  were nationalized. In addition to this, 83 companies were required to sell more than 50 percent of their shares to public agencies. Keen to end feudalism, Nasser...
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