On This Day November 5

Following the World Bank's refusal to fund building the Aswan Dam in 1956, Egyptian President Gamal Abdel Nasser nationalized the Suez Canal sparking international condemnation. Britain, France, and Israel invaded Egypt to get back the Suez Canal with the initial Anglo-French assault taking place on Port Said on November 5, 1956. Despite being a military success and having minor losses, the Suez Crisis had so much political fallout that most historians consider it the end of Britain as a superpower.

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