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 Commission for the Restitution of Monetary Gold reserves recovered by the Commission. The Commission completed its work and was formally dissolved on September 9, 1998. Tripartite Commission for the Restitution of Monetary Gold The Tripartite Commission for the Restitution of Monetary Gold, also known as the Tripartite Gold Commission, was a panel established in September 1946 by the United Kingdom, United States and France to recover gold stolen by Nazi Germany from other nations and eventually return it to the rightful owners. The Commission was headquartered in Brussels. After recovering gold and receiving claims for it, the Commission found that it had insufficient resources to pay back