When Diplomacy Fails Podcast
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1956 - The Suez Crisis #2.4: Britain Bitten
🕑 Added 2024-03-14 06:30:00 +0000 UTCHere we see what kind of Government Anthony Eden led, and how he shook it up, or failed to shake it up, after he assumed the premiership in spring 1955. Anthony may have deserved his turn, but he would quickly exhaust the sense of goodwill he had built up over the years. In spite of his reputation for integrity and bravery when standing up to the appeasement policy of the 1930s, Eden proved wholly ill-equipped for dealing with this strange new world. Emerging from Churchill’s shadow, he felt extra pressures to act as though nothing had changed, and to pursue a Conservative foreign policy mindset as though he was still living in the 1930s.
After setting Eden’s premiership in context, we switch gears to President Nasser’s policy. Nasser had great ambitions for his country, and these centred on getting Egypt on track technologically, and fixing the grave problems which geography and poverty presented. The Aswan Dam was a radical solution which would solve these problems in one go. By the construction of this billion dollar project, the Nile could be harnessed, disastrous floods avoided, and the energy of nature made proper use of for industrial purposes. It seemed like the ideal solution, save for the key problem that Nasser lacked the kind of money required to engage in this building project.
While he was increasingly turning towards the Soviets for arms, for the moment, he was happy to look to the Anglo-American bankers to put up the funds.
The decision of the Americans and British to put up the money for this construction project may seem, in the context of the mid-1950s and especially considering what would follow, like a very odd decision indeed. Yet, as we’ll see, the Aswan Dam was not the investment opportunity which the British had hoped. Instead, once they and the Americans reneged on the deal, it proved to be the nail in the coffin of the already shaky Anglo-Egyptian relationship, and the beginning of a road towards conflict and crisis.
