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The Oil Nationalization Act was to nationalize the oil industry, which was then controlled by Britain (3,2). Britain was against the Mossedeq reign and tried to influence the United States to take action but the United States was not persuaded under the Truman administration (5,3). The British government announced that it would not allow Mossedeq government to export any oil produced in the factories formerly controlled by the British (9,3). Britain put up a blockade to stop any oil from leaving Iran. In the process it caused Mossedeq’s economy to go from a profit of over $100 million to debt of $10 million Mossedeq to gain power because of his stands for the common people (9,2)...
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