Impact of the Suez War on World History
1. The Suez war showed the aggressive nationalism of Israel. The Arab nations were defeated again and they feared the military strength of Israel.
2. Israel did not win any freedom to use the Suez Canal. However, she was allowed by Egypt to use the strait of Tiran, Israel was forced by the UNO to leave the Gaza Strip which it had captured from the Arabs.
3. The British military occupation of the Canal Zone ended forth with. British military involvement in the Suez war cost her 400 million pounds.
4. During war time, the money market in Britain incurred great loss. This was because the value of pound sterling against other world currencies had significantly dropped.
5. Finally, after the Suez Canal war, many Afro-Asian states began to bend towards Russia.
National Movements and New States in Africa