![]() ![]() Red Line Agreement The name given to an agreement signed by partners in the Turkish Petroleum Company (TPC) on July 31, 1928. 953 Iranian Coup The overthrow of the Prime Minister Mohammad Mosaddegh in favor of strengthening the monarchical rule of Mohammad Reza Pahlavi on August 19, 1953, orchestrated by the United Kingdom (under the name “Operation Boot”) and the United States (under the name “Operation Ajax”). ![]() Key Terms “resource curse” Also known as the paradox of plenty, refers to the fact that countries with an abundance of natural resources, specifically non-renewable resources like minerals and fuels, tend to have less economic growth, less democracy, and worse development outcomes than countries with fewer natural resources.
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