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| 1954 |
| | | The term Domino Theory is coined to reflect President Eisenhower's view of how states might fall to Communism | |
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| 1954 |
| | | An invasion of Guatemala from Honduras, with CIA support, brings to power a right-wing military junta | |
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| 1954 |
| | | Relations are normalized between West Germany and the USA, France and Britain, ending the postwar period of occupation | |
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| 1955 |
| | | Russia forms the Warsaw Treaty Organization (or Warsaw Pact) with her east European allies, as a counterbalance to NATO | |
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| 1955 |
| | | Nasser alarms the west by buying eastern-bloc arms through Czechoslovakia | |
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| 1955 |
| | | Austria achieves a much delayed return to nationhood after the Soviet Union finally agrees to withdraw from the country | |
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| 1956 |
| | | The USA and Britain withdraw their offer of financial aid for Nasser's Aswan dam | |
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| 1956 |
| | | Egypt's president Gamal Abdel Nasser nationalizes the Suez canal and wins Soviet finance for his Aswan dam | |
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| 1956 |
| | | Students are fired on in Budapest when protesting against repressive Communist policies | |
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| 1956 |
| | | Confronted by a popular uprising, Communist leaders in Hungary bring back the reformist prime minister Imre Nagy | |
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