Changes

In the early 1950s, Nassar sought funding for the Aswan High Dam, a project which would dam the Nile preventing damaging seasonal flooding, and provide hydroelectric power.  Initially, the United States had agreed to fund it, but given the expulsion of British troops, the United States was pressured to withdraw support.  In retaliation for the United States reneging on their pledge of support, Nassar nationalized the canal in 1956 following the withdrawal of British troops and planned to use funds generated by the canal to fund the dam.  He further declared the dam closed to Israeli ships and cargo.

In the early 1950s, Nassar sought funding for the Aswan High Dam, a project which would dam the Nile preventing damaging seasonal flooding, and provide hydroelectric power.  Initially, the United States had agreed to fund it, but given the expulsion of British troops, the United States was pressured to withdraw support.  In retaliation for the United States reneging on their pledge of support, Nassar nationalized the canal in 1956 following the withdrawal of British troops and planned to use funds generated by the canal to fund the dam.  He further declared the dam closed to Israeli ships and cargo.

The British, French, and Israelis in collusion responded to this by launching an attack on the canal whereby the Israelis would invade the Sinai Peninsula.  The British and French forces planned then to step in and assume control of the canal nominally as a buffer between the two sides.  The plan was ruined when Nassar intentionally scuttled ships to block all access to the canal.  The potential for an all out war over the canal led to the first [[United Nations]] peacekeeping force to be deployed to the Sinai, resulting in the withdrawal of Israeli troops back to pre war borders, and the exit of the British and French forces from the theater.  Britain and France agreed when it became President [[Eisenhower]] (upset over the collusion of the British, French, and Israelis without consultation with the US) threatened to dump US reserves of the British Pound and French Franc which would have ruined the fragile post-war economies of Britain and France.  The canal was reopened in 1957, and the [[Soviet Union]] agreed to fund construction of the Aswan High Dam.

The British, French, and Israelis in collusion responded to this by launching an attack on the canal whereby the Israelis would invade the Sinai Peninsula.  The British and French forces planned then to step in and assume control of the canal nominally as a buffer between the two sides.  The plan was ruined when Nassar intentionally scuttled ships to block all access to the canal.  The potential for an all out war over the canal led to the first [[United Nations]] peacekeeping force to be deployed to the Sinai, resulting in the withdrawal of Israeli troops back to pre war borders, and the exit of the British and French forces from the theater.  Britain and France agreed when President [[Eisenhower]] (upset over the collusion of the British, French, and Israelis without consultation with the US) threatened to dump US reserves of the British pound and French franc which would have ruined the fragile post-war economies of Britain and France.  The canal was reopened in 1957, and the [[Soviet Union]] agreed to fund construction of the Aswan High Dam.

After the [[Six Day War|1967 Arab-Israeli war]] Israeli forces captured the Sinai Peninsula and the canal was again closed to all shipping by a Egyptian blockade.  The canal was briefly recaptured by the Egyptians during the [[Yom Kippur War]], and the [[Camp David Accords]] negotiated by [[Jimmy Carter]], resulted in the return of the canal and the Sinai to Egyptian control in return for Egypt formally recognizing Israel.  It was reopened in 1975 and in 1979 Egypt began allowing Israeli vessels through the canal.     

After the [[Six Day War|1967 Arab-Israeli war]] Israeli forces captured the Sinai Peninsula and the canal was again closed to all shipping by a Egyptian blockade.  The canal was briefly recaptured by the Egyptians during the [[Yom Kippur War]], and the [[Camp David Accords]] negotiated by [[Jimmy Carter]], resulted in the return of the canal and the Sinai to Egyptian control in return for Egypt formally recognizing Israel.  It was reopened in 1975 and in 1979 Egypt began allowing Israeli vessels through the canal.