Abstract
In 1863 Egypt concluded its first foreign loan. Because of large investments and spendings of Egyptian rulers, the country had to declare its banktrupcy.
Shortly after the establishment of the Public Debt Commission the egyptian finances became subject of interest to the European Powers. Throughout the Commission they could intervene to the Egyptian internal affairs.
The Egyptian revolted against the presence of foreigners in the country, but the upprising, led by colonel Urabi, was finally defeated in 1882 and the Great Britain became the indisputable master of Egypt. Egypt represents the model case of an area where the European imperialism was applied and it demonstrates how the economic instability and backwardness of the Empire in general suit the purpose of the European politics of interventionism.