Iran's 1979 Islamic Revolution
The shah's anti-profiteering campaign and price controls in 1975 alienated Tehran's Grand Bazaar merchants. They allied with clergy, funding protests and striking to paralyze the economy. When the bazaar shut down in 1978-79, it signaled the traditional middle class had turned against the monarchy. The shah fled; Khomeini's theocracy took power.
Monarchy toppled; Islamic Republic established with clergy in control.
Bazaar-clergy alliance eroded as theocracy consolidated power and pursued policies hurting merchants.
The same Grand Bazaar that brought down the shah is striking again—this time against the Islamic Republic. If history repeats, merchant rebellion signals existential regime threat. But the clergy now controls the security state, not just protests.
