7. Economic Mismanagement and Inflation
The Shah’s economic policies in the 1970s led to significant mismanagement and inflation. Rapid increases in oil revenues were not matched by corresponding increases in domestic production, leading to inflation rates averaging 15% annually between 1973 and 1978. This economic instability eroded the purchasing power of ordinary Iranians, contributing to widespread dissatisfaction. For a detailed analysis, refer to this article from theguardian.com.
