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
United States foreign policy in the Middle East in the country. The involvement that the U.S. would take in Egyptian business and politics in return for aid, Nasser thought "smacked of colonialism." Indeed, as political scholar B.M. Bleckman argued in 1978, "Nasser had ambivalent feelings toward the United States. From 1952 to 1954 he was on close terms with U.S. officials and was viewed in Washington as a promising moderate Arab leader. The conclusion of an arms deal with the USSR in 1955, however, had cooled the relationship between Cairo and Washington considerably, and the Dulles-Eisenhower decision to withdraw the offer to finance the Aswan High Dam in