Suez Crisis Peacekeepers to police the Egyptian–Israeli border, British Prime Minister Anthony Eden resigned, Canadian Minister of External Affairs Lester Pearson won the Nobel Peace Prize, and the USSR may have been emboldened to invade Hungary. The Suez Canal was opened in 1869, after ten years of work financed by the French and Egyptian governments. The canal was operated by the Universal Company of the Suez Maritime Canal, an Egyptian-chartered company; the area surrounding the canal remained sovereign Egyptian territory and the only land-bridge between Africa and Asia. The canal instantly became strategically important, as it provided the shortest ocean link between
Suez Crisis 1965 Eisenhower told Jewish fundraiser and Republican party supporter Max M. Fisher that he greatly regretted forcing Israel to withdraw from the Sinai peninsula; Vice-President Nixon recalled that Eisenhower expressed the same view to him on several occasions. Lester B. Pearson, who would later become the Prime Minister of Canada, was awarded the Nobel Peace Prize in 1957 for his efforts in creating a mandate for a United Nations Peacekeeping Force, and he is considered the father of the modern concept of peacekeeping. The Suez Crisis contributed to the adoption of a new national flag of Canada in 1965, as