Iran's ability to sell its oil absolutely grinds to a whole as it's kind of a prelude to contemporary sanctions on Iran. But the production of oil in the Middle East actually increases in 1951 52 and 53, because the Aramco and the British pivot to bringing more oil out of Saudi Arabia and Iraq and Kuwait. So this is actually an important moment in the shift of oil politics into a kind of latter half of 20th century in the broader Middle East as well.
Featuring Eskandar Sadeghi-Boroujerdi and Golnar Nikpour on the history of modern Iran. This is the second episode in our four-part series. We begin in 1941 with the British-Soviet occupation of Iran, the ouster of Reza Shah and his replacement by his son, Mohammad Reza Shah. We continue with the rise of the Tudeh communist party, the nationalization of the Anglo-Iranian Oil Company, Mohammad Mosaddegh's National Party coming to power, and the 1953 US-British coup that overthrew Mosaddegh and reinstalled Mohammad Reza Shah as dictator. His brutal reign continued until the 1979 Islamic Revolution, which is where we will pick up in episode three.
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Check out The Sinking Middle Class by David Roediger haymarketbooks.org/books/1879-the-sinking-middle-class