Economic history of the United Kingdom once the territories gained independence and were free to negotiate their own trade agreements. Although the '50s were overall a time of great prosperity for Britain, the Suez Crisis of November 1956 precipitated a financial crisis and a run on Sterling which underlined how fragile post-war British finances were. The tripartite invasion of the Suez Canal Zone by Britain, France and Israel following Egypt's nationalization of the canal (before then majority owned by the British government) was a disaster for British prestige and the economy. The United States and the United Nations came out firmly against the occupation, which caused
Mohamed Hussein Tantawi Nubian origin, joined the Egyptian Military Academy in 1952 and received his commission as an Army officer on 1 April 1955 in the infantry. Later that year he took part in the Suez War (or the Tripartite Aggression as it is often known in Egypt) as an infantry platoon commander. He was promoted to Major in 1961 and commanded an infantry company in Yemen during the North Yemen Civil War. Later in his career he was involved in the Six-Day War of 1967 as a Lt.Colonel and Battalion commander, the War of Attrition of 1967–1970, and the October or "Yom