The treaty of 1922 was replaced by a new agreement of June 1930, which maintained British military presence in the country, but otherwise loosened its authority; the latter’s principal interest then was to control Iraqi oil, which it did by acquiring, in 1928, a 47.5 per cent share in the Iraq Petroleum Company. In October 1932, Iraq entered the League of Nations as an independent, sovereign state, but Britain continued to maintain informal civilian and military influence, thus eroding the standing of the ruler until he was violently overthrown in the revolution of 1958. Ideas of Nationalism
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