US-Iran Relations during the Presidency of Lyndon B. Johnson (1342-1348 SH)

US-Iran economic relations is an important aspects of the relations between the two countries in the Second Pahlavi era, during which, the economic development planning for Iran was devised and implemented by American advisors. The Export-Import plan between Iran and America (1963-1969), simultaneous with Lyndon B. Johnson’s presidency, saw a tangible breakthrough. Since 1340 SH the major strategy adopted by the Shah was to create a major domestic market for foreign industrial products; a strategy which was mainly driven by huge revenues from oil exports. Although the US economic aid to Iran was terminated or ultimately declined, like many other areas of cooperation, in the mid 60’s, the ties between the two countries were strong nonetheless. The US had planned to allocate longterm loans of fixed interest rates to Iran after it had cut the economic aid program, in an attempt to hold Iran under its sway and keep the Iranian market open to its products.