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Mohammad Mosaddegh attempted to negotiate with the AIOC, but the company rejected his proposed compromise. Mosaddegh's plan, based on the 1948 compromise between the Venezuelan Government of Romulo Gallegos and Creole Petroleum ,  would divide the profits from oil 50/50 between Iran and Britain. Against the recommendation of the United States, Britain refused this proposal and began planning to undermine and overthrow the Iranian government. 
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Lord Acton has left too little completed original work to rank among the great historians; his very learning seems to have stood in his way; he knew too much and his literary conscience was too acute for him to write easily, and his copiousness of information overloads his literary style. But he was one of the most deeply learned men of his time, and he will certainly be remembered for his influence on others.