In 1956, an international crisis over control of the Suez Canal put Britain and France into direct conflict with President ...

Britain immediately made the drawing of $561 million to replenish its reserves and announced that it had another $739 million available on stand-by. The most obvious consequence of the IMF's ...

The Suez Crisis of 1956 saw Britain and France clash with Egypt over control of one of the world’s most strategic waterways. President Nasser’s bold move to nationalize the canal sparked an ...

Abstract: Egypt's nationalization of the Suez Canal in 1956 and the failed attempt by France, Israel, and the United Kingdom to retake it by force constituted a serious political crisis with ...

So Israel withdrew, but for them the Suez Crisis was a military triumph. David Ben-Gurion showed the world that Israel was here to stay. Britain and France were humiliated. They would never ...

In October, despite American opposition, Britain and France ... the 1957 Nobel Peace Prize for his role in resolving the Suez Canal Crisis. Pictured here, Pearson displaying the Nobel Prize.

5). When Egypt nationalized the Suez Canal Co. in 1956, Britain and France claimed their military response was justified because of the waterway’s strategic importance and the company’s ...