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In 1854, former French consul to Cairo Ferdinand de Lesseps, formed an agreement with the Ottoman governor of Egypt to build a canal at Suez. In 1856, the Suez Canal Company was formed and granted the right to operate the canal for 99 years. Work began in April 1859, with labor disputes and a cholera epidemic slowing construction The Suez Canal was not completed until 1869 – ten years later. On November 17, 1869, the Suez Canal was officially open. When it opened, the Suez Canal was relatively small and narrow – only 25 feet deep, 72 feet wide at the bottom, and 200 to 300 feet wide at the surface.
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During his time in office, he obtained the lowest unemployment rates in modern times, the lowest inflation rate in 30 years, highest home ownership, dropped crime rates and reduced welfare rolls. He also attempted to end racial discrimination. Bill Clinton also had many other great ideas like, upgrading education, protecting the jobs of parents who have sick children and to restrict handgun sales. One of the many things he did in the 90’s was open a nations oil reserve. This prevented oil company’s from raising oil prices too high.