Iran’s first attempt at democracy ended when the British and the Russians decided amongst themselves to divide up Iran in 1907 and supported the new Shah’s desire to crush the parliament. But the Iranians fought on, exiled the Shah and replaced him with his 11 year old son. Then they hired an American banker to clean up corruption. The British and Russians didn’t like that, so they had him thrown out as well.

The Shah continued selling the family jewels to the British and Russians, including the entire Iranian tobacco industry. He was eventually assassinated and replaced by his son, who had learned nothing. In 1901 he sold William Knox D’Arcy the entire Iranian oil industry. This shaped all of subsequent Iranian history.

In this episode, we delve into the history of Iran, focusing on the US’s role in ending democratic rule in 1953 and installing Mohammad Reza Shah’s dictatorship, a fact well-known in Iran but only admitted by the US in the 90s. This event led to the Islamic Revolution of 1979, headed by Ayatollah Khomeini, and fueled anti-Western sentiments across the Middle East. We discuss the significant figure of Mohammad Mossadegh, and the history of Iran under the Qajar shahs, the stagnation and foreign exploitation during this period, and the controversial Reuter concession of 1872, which was a significant surrender of Iran’s industrial resources to foreign control, but was quickly cancelled due to widespread opposition.