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... One of the crown jewels Nasser believed could economically change the status of Egypt was the Suez Canal. He had hopes that constructing the Aswan Dam and more imports and exports through the Suez would result in economic prosperity. ... On July 26, 1956, Gamal Abdel Nasser gave a powerful speech to the Arab people in which he nationalized the Suez Canal. He stated that the West was a threat to society and Egypt was to use the money from the tolls on the canal to pay for the Aswan Dam project. Nasser’s message to the world began the Suez Canal Crisis of 1956. Due to the significance of the negotiations between the United States and the Soviet Union, the Suez Canal crisis did not result in the extremities of war.
The nationalization of the Suez Canal had immediate responses from Great Britain, France, the Israelis, and the United States. ... This action was to help support the election campaign, “President of Peace” for President Eisenhower, and Dulles proposed an alternate solution of having an international control board to monitor the Suez Canal. ... Following these immediate reactions, the August 16 conference was held at London between twenty-two nations, discussing how the canal should be operated to satisfy all needs. At the conference, Dulles stated that the canal should permanently be under an international system. The Egyptian government from there on out would follow the Constantinople Convention of 1888, allowing freedom to all canal users. The French said that Egypt could nationalize the grounds of the canal but not the traffic through the canal. ... Nasser’s trust in the Soviet Union was building as he once again denied any “outside control” to his canal, and stated that this act was against Egyptian rights and a way to stop Arab nationalism. Nasser would be willing to negotiate constructing a consulate canal body only if the British and the French withdrew military reinforcements from the Middle East
Even under strict warnings by the United Nations, the Anglo-French and Israeli forces infiltrated Egypt to gain control of the Suez Canal. On October 29, 1956, the first surprise attack by the Israelis was launched upon Egyptian bases in the desert twenty miles from the Suez Canal. On the 31st, Israeli troops reached the banks of the Suez Canal and pulled back to the 10-mile buffer imposed by the British-French ultimatum.
Approximate Word count = 1947
Approximate Pages = 7.8
(250 words per page double spaced)
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