Egyptian Economic Restructuring (jan 24, 1838 – jan 1, 1875)
Description:
Poor state administration causes factories to be shuttered and/or made private, and massive reductions in army size. The opening of Egypt to foreign trade causes huge increases in cotton exports, especially to the UK, where Egypt's economy is becoming more dependent on.Added to timeline:
Date:
jan 24, 1838
jan 1, 1875
~ 36 years