How Did Ismail Transform Egypt in the Nineteenth Century

question 63

Multiple Choice

How did Ismail transform Egypt in the nineteenth century?

• A)He refused to borrow money from Western banks.
• B)He promoted large irrigation networks for cotton production and export.
• C)He appointed British and French commissioners to oversee Egyptian finances.
• D)He moved the capital to Alexandria and rebuilt it as a modern Western city.

---

Definitions:

Synergy

Occurs when the whole is greater than the sum of its parts. When applied to mergers, a synergistic merger occurs when the postmerger earnings exceed the sum of the separate companies’ pre-merger earnings.

Pro Forma Cash Flows

Projected cash inflows and outflows that are expected to occur as a result of a proposed financial decision or investment.

Hostile Takeover

An acquisition attempt by a company or individual without the consent or cooperation of the target company's board of directors.

Investment Banking Firm

An establishment engaged in finance that helps people, businesses, and government bodies acquire funds by underwriting or serving as the representative of the client in the release of securities.