23h 58min, jun 17, 1952 y - The RCC passed the Agrarian Reform Law of 1952
Description:
The law was intended to
abolish the power of the absentee landlord class, to encourage investment in industry, and
to build support for the regime. The law limited landholdings to 200 feddans with the right
to transfer another 100 to wives and children. The owners of the land requisitioned by the
government received about half the market value of the land at 1951 prices in the form of
government bonds. The land was sold in lots of two to five feddans to tenants and small
farmers owning less than five feddans. The small farmers had to buy the lots at a price
equal to the compensation paid to the former owner.
Added to timeline:
Egyptian Revolution
Date:
