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
Raid on the Suez Canal Staff, commanded mobile units to launch a series of raids and attacks to disrupt traffic on the Suez Canal. By 21 September 30,000 troops were in the vicinity of Beersheba. Early in March Maxwell was asked to prepare a force of about 30,000 Australian and New Zealanders for operations in the Dardanelles in the Mediterranean Expeditionary Force. The landings at Gallipoli on 25 April 1915 began the Gallipoli Campaign during which Egypt supported the fighting as the closest major base. Raid on the Suez Canal The Raid on the Suez Canal, also known as Actions on the Suez Canal, took