Saddam Hussein Abd al-Majid al-Tikriti was an Iraqi politician who served as the fifth President of Iraq from 16 July 1979 until 9 April 2003. A leading member of the revolutionary Arab Socialist Ba'ath Party, and later, the Baghdad-based Ba'ath Party and its regional organization, the Iraqi Ba'ath Party—which espoused Ba'athism, a mix of Arab nationalism and Arab socialism—Saddam played a key role in the 1968 coup (later referred to as the 17 July Revolution) that brought the party to power in Iraq . As vice president under the ailing General Ahmed Hassan al-Bakr, and at a time when many groups were considered capable of overthrowing the government, Saddam created security forces through which he tightly controlled conflicts between the government and the armed forces. In the early 1970s, Saddam nationalised the Iraq Petroleum Company and independent banks, eventually leaving the banking system insolvent due to inflation and bad loans. Through the 1970s, Saddam consolidated his aut authority over the apparatus of government as oil money helped Iraq's economy grow rapidly.
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