elite out of their share of the industrialization wealth (Orwin 43). About
             this time, the middle class, which included students, technocrats, and
             modernist professionals, became discontent with the economy. The key event
             should have further stabilized the royal dictatorship, but the increase in oil
             prices and oil income beginning in 1974 caused extreme inflation. This was
             due to the investment strategy followed by the Shah, which led to a
             spectacular 42% growth rate in 1974. (Cottam 14). And because of the
             Shah's support structure which enabled the new rich to benefit from inflation,
             the government effort to deal with inflation was aimless. Poor Iranians and
             Iranians with a fixed income suffered major losses in real income. Better
             standards of li
             ...