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Latest comment: 19 years ago1 comment1 person in discussion
I believe it is a Euro-centric point of view that it was Ismail's "personal extravagance" led to the country's financial problems. According to the Library of Congress Country Study by Helen Metz:
"the anti-Ismail view was held mainly by British administartors... who depicted him as squeezing the peasants for money by oppressive taxation and the whip, and 'ruining Egypt' by his lavish spending and despotic ways. Journalists and the American consuls in Egypt such as Edwin de Leon held a more balanced view, arguing that Isamail inherited an unfavorable Suez Canal agreement and a significant public an d private debt from his uncle, Said. They noted that although Ismail spent lavishly, mcuh of the money he borrowed from European bankers was used for building or repairning the country's infrastructure. They also pointed out that European bankers and fanaciers lonaed money to Egypt at usurious interest rate" (pg 35-36). Could the article be changed to show Metz's perspective? --Schwael17:04, 10 November 2005 (UTC)Reply
Latest comment: 18 years ago2 comments2 people in discussion
I've just read this quickly, while linking to it, but the whole article seems unbelievably Anglo-centric (not even British - but English). Maybe from Britannica or the like, and could do with a thorough overhaul! (Not volunteering, alas - so much Wiki to do...) JackyR11:47, 27 February 2006 (UTC)Reply
Latest comment: 17 years ago1 comment1 person in discussion
I was going to say the same thing as above. The entire article seems to have been copied and pasted from an old english textbook of somekind (maybe the original Britannica as the person above suggests). It is written in an incredibly old fashioned style, complete with a reference to 'every last farthing'. Considering that the farthing is an old english type of money that hasnt been in use since the 1950s, this would suggest that the source this material has been stolen from is incredibly out of date. Someone needs to do a severe clean up job to make this a reliable page.