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King--of--the--Juice t1_j1nn93j wrote

> Iran was doing very well economically

Well it wasn't. Inflation rate from 1964 to 1974 was on average %2.6. Then from 1974 to 1978 it reached %24.9, and the cost of living was doubled. There was just too much money pouring in Iran as a result of the 1973 oil shock and the economy overheated. More money more problems.

https://en.wikipedia.org/wiki/Dutch_disease

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