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Event
Date
Rebellion in October/ Iraqi revolt under British occupations
1920
Faisal I become king, a member of the leading Arab family influenced by the British in his role as king
1921
Iraq becomes fully independent and joins league of nations
1932
Government agreed with the British oil company to equally share the profits of Iraq oil
1952
Monarchy overthrown -> Iraq becomes a republic
1958
First Ba'athist coup attempt
1968
The republic is ruled by the Baath party
1968
Iraqs oil income is 500 million in this year
1972
Government nationalized and took control of Iraqi oil industry
1972
iraq joins other oil producing arab states and reduces oil production and sales to the western countries as a form of punishing them for supporting israel