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 resigned, and his unsuccessful handling of the Suez Crisis eclipsed the successes he had achieved in the previous 30 years. Eden's successor, Harold Macmillan, accelerated the process of decolonisation and sought to recapture the benevolence of the United States. He enjoyed a close friendship with Eisenhower, dating from the North African campaign in World War II, where General Eisenhower commanded allied invasion forces and Macmillan provided political liaison with Winston Churchill. Benefiting from his personal popularity and a healthy economy, Macmillan's government increased its Parliamentary majority in the 1959 general election. The Suez crisis, though a blow to British power