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The Promoting and the Financing of the Suez Canal

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  • Baer, Werner

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.

Suggested Citation

  • Baer, Werner, 1956. "The Promoting and the Financing of the Suez Canal," Business History Review, Cambridge University Press, vol. 30(4), pages 361-381, December.
    • Handle: RePEc:cup:buhirw:v:30:y:1956:i:04:p:361-381_02
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    Cited by:

    1. Anthony E. Boardman & Mark Moore & Aidan Vining, 2020. "Financing and Funding Approaches for Establishment, Governance and Regulatory Oversight of the Canadian Northern Corridor," SPP Research Papers, The School of Public Policy, University of Calgary, vol. 13(25), October.
    2. Gast, Johannes & Binsfeld, Tom & Marsili, Francesca & Jahn, Carlos, 2021. "Analysis of the Suez Canal blockage with queueing theory," Chapters from the Proceedings of the Hamburg International Conference of Logistics (HICL), in: Kersten, Wolfgang & Ringle, Christian M. & Blecker, Thorsten (ed.), Adapting to the Future: How Digitalization Shapes Sustainable Logistics and Resilient Supply Chain Management. Proceedings of the Hamburg Internationa, volume 31, pages 943-959, Hamburg University of Technology (TUHH), Institute of Business Logistics and General Management.

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