Hoshang Davallo, close friend of the Shah

The Shah initiated major investments in infrastructure, subsidies and land grants for peasant populations, profit sharing for industrial workers, construction of nuclear facilities, the nationalization of Iran’s natural resources, and literacy programs which were considered some of the most effective in the world. The Shah also instituted economic policy tariffs and preferential loans to persian businesses which sought to create an independent economy for the nation. Manufacturing of cars, appliances, and other goods in homeland increased substantially leading to the creation of a new industrialist class that was considered insulated from threats of foreign competition.