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
The Crisis to sell subscriptions to the magazine, "The Crisis". In its first year, the journal had a monthly circulation of 1,000. Ten years later, by 1918, it had more than 100,000 readers. It also grew in size, beginning at 20 pages and rising to as many as 68 pages; and in price, beginning at 10 cents per issue and later increasing to 15 cents. "The Crisis" would go on to become incredibly influential during the 1910s and 1920s and would take a large role in the Harlem Renaissance literature movement. While the magazine was originally intended to be much more of