Explain the events and significance of the suez crisis

The Suez Crisis was an event in the Middle East in 1956. It began with Egypt taking control of the Suez Canal which was followed by a military attack from Israel, France, and Great Britain. The Suez Canal is an important man-made waterway in Egypt. It connects the Red Sea to the Mediterranean Sea. The 1956 Suez Crisis, when Britain along with France and Israel invaded Egypt to recover control of the Suez Canal, was arguably one of the most significant episodes in post-1945 British history. It's outcome highlighted Britain's declining status and confirmed it as a 'second tier' world power.

I believe the answer is: Prices for goods and services increased, and a dollar bought less than it previously had

In the 1970s, united states was experiencing a period of economic stagnation which later known as called the great inflation of the 1970s.

During this period, the number of unemployment skyrocketed and the value of our currency fall dramatically, which caused an increase in overall products and less amount of products it can obtain with previously same amount.