Word: persia
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Dates: during 1940-1949
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...were bulging into Trieste and menacingly taking stations along the new Yugoslav-Italian frontier. In Rumania, Hungary and Bulgaria, Communist-backed minorities had matters firmly under control. Finland was tied to the Russian economic and security bloc. France was infiltrated with Communist power. China was gripped by civil war. Persia and Turkey lived precariously in the shadow of the Communist ax. Greece was directly threatened...
Political Crisis. There was the chain reaction of political crisis. There was scarcely a political area on the map of Europe or Asia that was unthreatened within or without. In Korea, U.S.-Russian negotiations had broken down. India was in the throes of mass murder and fleeing populations. Persia, stiffened by promises of U.S. support, was resisting Russian demands. Greece (and the U.S. support of Greece) was confronted by the danger of a rival Greek Communist state, supported by Russia through her Balkan stooges. Almost anything might happen in Italy...
...princess and her sister Fatmeh were in the U.S. merely to study the Red Cross and other welfare bodies, but Washington had political motives for being nice. Soviet Russia, quiescent since last winter, was rumbling again on Persia's northern border. Persia might need help...
...agreement provided for a joint stock company, to exist for 50 years, during the first half of which Russia would hold 51% of the stock, Persia 49% (thereafter 50-50). Russia would take oil from north Persia, pay all prospecting and installation costs. Persia would share in the profits, keep title to the land...
...long-drawn-out election, the new Majlis began slowly to organize. Russia bided its time. Then, in June, two things happened. In an interview, wily Gavam said he thought the oil agreement had no chance of ratification unless it was modified. Next day the U.S. signed over to Persia a $25 million credit, most of it frankly intended for military equipment and supplies...