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
Tripartite Pact Romanian assistance) and partitioning the country. The resulting Italo-German client state known as the Independent State of Croatia joined the pact on 15 June 1941. The Tripartite Pact was directed primarily at the United States. Its practical effects were limited, since the Italo-German and Japanese operational theatres were on opposite sides of the world and the high contracting powers had disparate strategic interests. Some technical cooperation was carried out, and the Japanese declaration of war on the United States propelled, although it did not require, a similar declaration of war from all the other signatories of the Tripartite Pact. Although