U. S. policy is to play down…
January 1956 CE
U. S. policy is to play down the Arab-Israeli dispute and alert all parties to the danger of Communist penetration.
To this end, American president Dwight D. Eisenhower dispatches a futile mission in January 1956 in hopes of reconciling Cairo and Tel Aviv.
In addition, the United States agrees to contribute $56,000,000, and $200,000,000 through the World Bank, to finance the first stage of Egypt's project for a new dam on the Nile at Aswan.