Tag: venezuela

Venezuela ), officially the Bolivarian Republic of Venezuela , is a country on the northern coast of South America, consisting of a continental landmass and many small islands and islets in the Caribbean Sea.

The continental territory is bordered on the north by the Caribbean Sea and the Atlantic Ocean, on the west by Colombia, Brazil on the south, Trinidad and Tobago to the north-east and on the east by Guyana. The Venezuelan government maintains a claim against Guyana to Guayana Esequiba. Venezuela is a federal presidential republic consisting of 23 states, the Capital District and federal dependencies covering Venezuela’s offshore islands.

In 1811, it became one of the first Spanish-American territories to declare independence from the Spanish as a department of the federal republic of Gran Colombia. During the 19th century, Venezuela suffered political turmoil and autocracy, remaining dominated by regional military dictators until the mid-20th century.Economic shocks in the 1980s and 1990s led to major political crises and widespread social unrest, including the deadly Caracazo riots of 1989, two attempted coups in 1992, and the impeachment of President Carlos Andrs Prez for embezzlement of public funds in 1993.



Previously, the country was an underdeveloped exporter of agricultural commodities such as coffee and cocoa, but oil quickly came to dominate exports and government revenues. The excesses and poor policies of the incumbent government led to the collapse of Venezuela’s entire economy. disease, high child mortality, malnutrition, severe crime and corruption.