US Treasury Reviews British External Payments Risk
George Humphrey's department considered Britain's vulnerability to balance of payments pressure and the political implications of American assistance.
Secretary of the Treasury
George Humphrey's department considered Britain's vulnerability to balance of payments pressure and the political implications of American assistance.
The United States did not provide unconditional financial assistance while Britain and France carried out their intervention against Egypt.
George Humphrey's Treasury controlled a central part of the American response to Britain's requests for financial help during the sterling crisis.
American officials recognized that Britain's need for dollar assistance increased pressure on the British government to cease hostilities.
Uses American financial leverage as Britain faces a sterling crisis during the Suez intervention.
George Humphrey's department considered British financial needs in the context of American demands for compliance with international withdrawal decisions.
George Humphrey's department resisted immediate support for sterling while Britain had not agreed to withdraw its forces from Egypt.
The US Treasury weighed British requests for assistance against American insistence on withdrawal from Egypt.
George Humphrey's financial officials evaluated requests affecting Britain while the political crisis over withdrawal remained unresolved.
George Humphrey's government retained influence over British access to emergency dollars as withdrawal negotiations continued.
The United States continued treating British withdrawal as central to discussions over assistance for Britain's currency problem.
American financial cooperation became more feasible as Britain accepted a timetable for leaving Egypt and meeting international demands.