The Ugly American and the Soviets struggled for preeminence in the Third World through proxies in Latin America, Africa, and Asia. In the Middle East, the US feared the spread of Communism starting in Egypt and attempted to secure the region's most populous and politically powerful country for the West by guarantees of funding for construction of the Aswan Dam but it was eventually the Soviets who prevailed. Soviet diplomatic and political successes in the Third World left the West worried about losing one country after another to Communism according to the domino theory evoked by President Dwight D. Eisenhower. It was in
Aswan Dam support. Although Dulles believed that Nasser was only bluffing and that the USSR would not aid Nasser, he was wrong— the USSR promised Nasser a quantity of arms in exchange for a deferred payment of Egyptian grain and cotton. On 27 September 1955, Nasser announced an arms deal, with Czechoslovakia acting as a middleman for the Soviet support. Instead of attacking Nasser for turning to the Soviets, Dulles sought to improve relations with him. This explains the later offer of December 1955, in which the U.S. and Britain pledged $56 and $14 million respectively towards the construction of the dam.