July 17, 1968: A Ba'athist-led coup ousts President Arif of Iraq.
Following the Ba'athist coup, Gen. Ahmad Hassan al-Bakr becomes president of Iraq. The country's political system enjoys relative stability over the next 10 years. Money from oil exports contributes to an economic boom. Between 1972 and 1975, annual oil revenues increase from $1 billion to $8.2 billion.