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Words: | Submitted: Thu May 11 2006
... dollars worth) to keep the pound's value from plummeting even lower and causing widespread inflation throughout the country. To counter this economic catastrophe Britain tried to obtain capital from the international monetary fund but found that the USA's dominance of this organisation made it impossible. Eisenhower had prevented Britain accessing the necessary funds unless a cease-fire was signed. This came as a devastating blow to British prestige as now the special relationship between the two countries was severely damaged, Britain was made to look foolish and the USA now seemed vastly superior both economically and politically. Similarly, other formerly receptive countries helped to humiliate and isolate Britain from the global community. The supposed pro British government in India condemned military action, Premier Nehru described the invasion as "adverse" and "unconstructive". Other hostile attitudes towards war such as this one were echoed in countries still under heavy British influence, particularly in ...
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