The Middle East: Lots of Violence, Not Much Economic Reform

Fifty years ago, the world was plunged into crisis when Egypt’s President Gemal Abd al-Nasser nationalized the Suez Canal in an act of defiance against France and England and an assertion of Egyptian independence in the face of the economic and military strength of the West. The resulting Suez crisis saw the humbling of England and France, the isolation of Israel, and the firm determination of U.S President Dwight Eisenhower not to allow the old powers of Europe to retain their hold over their former colonies in the Middle East.

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