Back to Module

  1. What Is Monetary Policy?
  2. What Is a Central Bank and What Does It Do for You?
  3. The Global Role of the U.S. Dollar
  4. Understanding Currencies and Exchange Rates
  5. The Global Consequences of Financial Contagion
  6. The Suez Canal Crisis
  7. Monetary Policy and Currencies Module Assessment
6 / 7
  1. What Is Monetary Policy?
  2. What Is a Central Bank and What Does It Do for You?
  3. The Global Role of the U.S. Dollar
  4. Understanding Currencies and Exchange Rates
  5. The Global Consequences of Financial Contagion
  6. The Suez Canal Crisis
  7. Monetary Policy and Currencies Module Assessment
Monetary Policy and Currencies

The Suez Canal Crisis

Monetary policy can also function as a tool of foreign policy. 

In 1956, the Egyptian government seized the Suez Canal from British control. When the United Kingdom, France, and Israel invaded the country, the United States responded by using financial tools.

Referenced Module
Monetary Policy and Currencies
Previous
The Global Consequences of Financial Contagion
Next
Monetary Policy and Currencies Module Assessment

Other Modules in this Unit