America withdraws the Aswan Dam loan
1956 · Event
Irritated by Nasser's arms deals with the Soviet bloc and recognition of communist China, Washington abruptly cancels its funding for the Aswan High Dam, Egypt's great development project; Britain follows within a day. Nasser's answer comes exactly a week later: the Suez Canal Company's revenues will build the dam instead.
On these timelines: The Suez Crisis, North Africa, Cold War, Master, USA
More from The Suez Crisis
- Suez Crisis (1956)
- Nasser nationalises the Suez Canal (1956)
- Anglo-French-Israeli invasion of Egypt (1956)
- The Protocol of Sèvres (1956)
- Anglo-French paratroopers land at Port Said (1956)
- America pulls the plug on the pound (1956)
- UN ceasefire ends Suez Crisis (1956)
- Eden resigns, broken by Suez (1957)
Around 1956
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- Vietnam War (American phase) (1965)
- US Civil Rights Movement (1954)
- Berlin Airlift (1948)
- Decolonisation of Africa (1952)
- Apartheid (1948)
- Korean War (1950)
- Indian independence and Partition (1947)
- Cuban Revolutionary War (1953)
- The Beatles (1960)