The Promoting and the Financing of the Suez Canal

Werner Baer

Research output: Contribution to journalArticle

Abstract

This timely account of the hunching of the Suez Canal project reveals both sides of the coin of innovation. It is, on the one hand, a study of the character and methods of one of the most famous innovators of the nineteenth century. Ferdinand DeLesseps was not a politician, a financier, an engineer, a promoter (in the common sense of the word), or a businessman. Yet he succeeded brilliantly in a venture requiring consummate mastery of all these professional fields. On the other hand is revealed the waterway itself — vital to one civilization, useless and neglected in another, and then of transcendent importance as world history marched on. Realization of the grand scheme envisaged by the Pharaohs came at last when economic and political factors momentarily aligned in a pattern of opportunity for a unique set of entrepreneurial qualifications.

Original languageEnglish (US)
Pages (from-to)361-381
Number of pages21
JournalBusiness History Review
Volume30
Issue number4
DOIs
Publication statusPublished - Dec 1956

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ASJC Scopus subject areas

  • Business and International Management
  • Business, Management and Accounting (miscellaneous)
  • History

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