Nasir al-Din Shah granted Baron Julius de Reuter sweeping privileges involving railways, mines, irrigation, forests, and other resources. The concession was exceptional in scope and provoked opposition in Iran and Russia; it became an early emblem of the risks of granting foreign investors control over strategic infrastructure and resources.
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Who received the broad 1872 Reuter concession?
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Explanation
The concession granted Reuter wide privileges over resources and infrastructure.
The Imperial Bank concession formed part of debates about financial sovereignty.
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Explanation
The bank’s privileges made finance part of the question of economic sovereignty.