Iran 's Impact On The Economy Of Iran

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The economy of Iran has caused a wave of disorder around the world. The root of Iran’s problems comes from their troubled past which affects them today and will in the future. Iran is grasping desperately to stay relevant in todays world due to a struggling society and constant disagreement among leaders and their citizens. Iran has 10% of the world’s oil and has the fourth largest oil reserve in the world plus it ranks with the top 10 producers of global oil1. Despite having so many geographical advantages Iran has made naïve mistakes that have damaged their economy and in consequence the whole country. Iran’s economy has tapered due to economic agreements initiated by America because of Iran’s association with terrorist organizations…show more content…
Pahlavi began the long list of economic difficulties for Iran and although he helped them move forward they were still far behind the rest of the world in economic organization. After WWII Pahlavi’s eldest son Mohammed Reza directed the economic and political system through industrialization, which included urbanization, infrastructure, and city planning. All of these new changes were made possible through considerably large revenues from oil exports. During the Cold War Mohammad Reza proved Iran to be an irreplaceable ally to western nations. In 1963 he created a program called the White Revolution, which encompassed new reforms including extending women’s rights and working to abolish illiteracy. Although Mohammed Reza succeeded in improving the country, prime minister of Iran, Mohammad Mosaddeq, interfered with many of his policies and threatened the functionality of the nation. Mossadeq quickly gained too much power and with help from the American CIA and British MI6 he was overthrown in Operation Ajax3. Though Mohammed Reza held popularity for a large period of time and was supported by foreign governments, including the US, the people of Iran grew tired of the dynasty and what began as deep connections to Islamic customs grew into a revolution. Corruption and civil resistance became an increasing issue in the mid 70s for Iran, and the country soon became paralyzed by mobs of protesters. After the Ayatollah Khomeini was invited to
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