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
Prime Minister of the United Kingdom government was led by Labour Prime Minister Harold Wilson for eight months after the February 1974 general election produced a hung parliament. In the October 1974 general election, the Labour Party gained 18 seats, giving Wilson a majority of three. A hung parliament may also lead to the formation of a coalition government in which two or more parties negotiate a joint programme to command a majority in the Commons. Coalitions have also been formed during times of national crisis such as war. Under such circumstances, the parties agree to temporarily set aside their political differences and to unite to