jan 1, 1973 - 1973: Arab-Israeli War

Description:

Arab nations impose Israeli oil boycott, oil prices double worldwide, Shah pushed OPEC (organization of petroleum exporting companies) to double them again.

Iranian economy gains a ton of profit from oil sales. Shah pends it on industry, agriculture, and western weapons.

Large scale agriculture businesses failed to make more food, shortages led to price increases, unemployment was high, inadequate housing.

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