Document Type : .

Authors

• Jaffar Aghazadeh ¹
• MOHSEN PARVISH ²

¹ Associated professor of History and Sociology, Mohaghegh Ardabili University, Ardabil, Iran

² Assistant professor of History, Mohagheg Ardabili University, Ardabil, Iran

Abstract

The scarcity and high cost of basic goods along with rampant inflation is the main characteristic of the last years of Pahlavi's rule. Following the increase in revenues from the sale of oil, the government spent a part of these revenues on foreign investment, as well as granting loans to developing countries with very low interest rates, and a part on the purchase of military equipment. A problem whose result was nothing but the imbalance of payments and severe inflation. This inflation had a great impact on the economic and living conditions of the people; As the food and basic goods of the people, if they were found in the market, had taken on a high price, and housing and rent prices had increased almost 300 times. In the current research, the price of basic goods and inflation as well as the way the Pahlavi government faced this crisis in the last years of the government are analyzed with descriptive and analytical methods and by referring to documents, archival documents, sources and the press. The findings of the research show that the increase in the price of oil in the world markets and the excessive demands of the executive bodies significantly increased the amount of liquidity in the country and caused an increase in demand, which was not the result of the excessive growth of the import of basic goods and food, which itself was a factor for causing acute inflation and as a result people's dissatisfaction.

Keywords

• Expensiveness
• basic goods
• inflation
• Second Pahlavi
• Information newspaper