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Foreign Policy

Egypt nationalizes the Suez Canal

Egyptian President Gamal Abdel Nasser declared the nationalization of the Suez Canal Company to finance the Aswan Dam after Western funding was withheld.

Nasser’s nationalization triggered an international crisis involving Britain, France, Israel, and the United States and set off diplomatic and military confrontations that became central to Eisenhower’s foreign-policy challenges in 1956.

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