Wikipedia's version of the 1953 coup d'etat in Iran - part 3

With Iran being all over America's 2009 headlines for production of nuclear material... and current reports of significant civil unrest there... I offer the third of an ongoing piece on the 1953 Iranian coup d'etat that I found on Wikipedia.

Wikipedia clearly notes that this piece has both its neutrality and factual accuracy disputed. Nonetheless, this perspective on history may be useful in understanding US-Iran relations. And I'm doing this as much for my own edification, as for anyone else who may be interested. These posts are not intended to indicate my agreement or disagreement with anything written.

The economic and political crisis in Iran that began in early 1952 with the British-organized worldwide boycott of Iranian oil, ended with the signing of the Consortium Agreement of 1954. Pahlavi signed the agreement with the result that, for the first time, United States oil companies shared in the control of Iranian oil, with the U.S. and UK evenly splitting 80% and the remainder divided between French and Dutch interests. Iran was allocated 50% of the revenues, which was an increase from 16% in the original agreement.[12] However, from Iran's perspective, the Consortium Agreement of 1954 was far less favorable than conditions set forth several months earlier in the joint 'Winston Churchill-Dwight D. Eisenhower' proposal to Mosaddegh.[13][14][15] After the coup, the Consortium Agreement of 1954 ended the crisis, and stayed in effect until it was modified in 1957 and 1973 and then ended in 1979 when the Iranian Revolution deposed the monarch.

Tim White