Egypt’s 1875 bankruptcy led to Anglo-French financial control of its treasury.

Evidence

Moreover, Egyptians became aware of his increasing loss of financial control of his country, the humiliation of the government’s declaration of bankruptcy in 1875, and British and French officials’ formal assumption of control of Egypt’s treasury, with the creation of the Caisse de la Dette Publique in 1878. — Eve M. Troutt Powell, A Different Shade of Colonialism_…, 441

Categorization

  • corroborated: 2 independent passages support this claim — Eve M. Troutt Powell, A Different Shade of Colonialism_…, 441
  • XREF: connects to: Isma’il’s Sudan expansion debts caused Egypt’s foreign control and British occupation; The Anglo-Egyptian Condominium masked British control behind Egyptian financing.

Broader Connections