The Suez Crisis of 1956 saw Britain and France clash with Egypt over control of one of the world’s most strategic waterways.
For the United Kingdom, however, Suez was also a financial crisis. Throughout 1956 and 1957, the United Kingdom had a current account surplus ... its dollar reserves to maintain the $2.80 exchange ...
That power vacuum was filled by the Cold War rivals: America and the USSR. It wasn't until 1956 that it became clear, with the outcome of the Suez war, that they had supplanted the British and the ...
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 ...
In the post-war world, Egypt was growing closer to the Moscow and accepting Soviet arms. In the summer of 1956, Egyptian leader Gamal Abdel Nasser seized control of the Suez Canal, a critical ...