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Book Review
Empire and Nationhood: The United States, Great Britain, and Iranian Oil, 19501954. By Mary Ann Heiss. (New York: Columbia University Press, 1997. xii, 328 pp. Cloth, $49.50, ISBN 0-231-10818-4. Paper, $19.50, ISBN 0-231-10819-2.)
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This is a very well researched and clearly written study of Iranian oil nationalization and its subsequent reversal. Although there is literature dealing with parts of the story, Mary Ann Heiss has contributed by taking on the history to discuss the aftermath of the 1953 coup and the reallocation of assets among the oil majors in 1954. The aftermath saw the United States firmly entrenched in Iran in place of the British. The Anglo-Iranian Oil Company (AIOC), however, was generously compensated for the loss of the majority of its holdings in Iran, and hurt British prestige was partly assuaged by the restoration of the shah in 1953only to be damaged irretrievably at Suez three years later. |
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