In 1956, Britain launched a secret military invasion of Egypt to seize the Suez Canal. Their soldiers were winning. Their objectives were within reach. And then one phone call from Washington brought the entire operation — and the British Empire — crashing down. Not with bombs. Not with threats. But with something far more devastating: an attack on the British pound.
This is the story of how Eisenhower weaponized the dollar against his closest ally, how a young Egyptian colonel named Nasser humiliated two European empires, and how the secret Protocol of Sèvres became one of the most cynical conspiracies in modern diplomatic history. It’s the story of Anthony Eden’s downfall, Harold Macmillan’s betrayal, and the weekend that proved once and for all that money — not military force — is the ultimate weapon of geopolitics.
The Suez Crisis didn’t just end a war. It ended an empire.
Sources and further reading:
U.S. Department of State, Office of the Historian — Foreign Relations of the United States, 1955–1957, Volume XVI
UK National Archives — Suez and the United States (FO 371/120816)
UK Parliament Hansard — Gold and Dollar Reserves Statement, 4 December 1956
Imperial War Museums — “Why Was The Suez Crisis So Important?”
National Army Museum — Suez Crisis
Wilson Center Digital Archive — Speech by President Nasser, Alexandria, July 26, 1956
Origins (Ohio State University) — “The Suez Crisis (1956)”
Gresham College — “The Suez Crisis, 1956” Lecture
USAWC Press — “Waging Financial War”
Keith Kyle, “Suez” (1991)
Diane Kunz, “The Economic Diplomacy of the Suez Crisis” (1991)
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Credit to : Uncover History
