Who was Venezuela founded by?

The territory of Venezuela was colonized by Spain in 1522 amid resistance from indigenous peoples.

Who owns Venezuela?


Type State-owned enterprise
Net income $828 million (2016)
Total assets $189.7 billion (2016)
Owner Government of Venezuela
Number of employees 70,000

What was Venezuela called before colonization?

The Province of Venezuela came under the jurisdiction of the Viceroyalty of New Granada (established in 1717). The Province became the Captaincy General of Venezuela in 1777.

Who was the first president of Venezuela?

President of Venezuela

President of the Bolivarian Republic of Venezuela
Inaugural holder Cristóbal Mendoza (First Republic) José Antonio Páez (State of Venezuela)
Formation January 13, 1830
Deputy Vice President of Venezuela
Salary 4,068 USD monthly

Who gave independence to Venezuela?

After two more years of war, the country achieved independence from Spain in 1821 under the leadership of its most famous son, Simón Bolívar.

Is Venezuela a dictatorship?

Venezuela has a presidential government. The Economist Intelligence Unit rated Venezuela an “authoritarian regime” in 2020, having the lowest score among countries in the Americas.

Who discovered oil in Venezuela?

One year later, Colonel Drake completed the first oil well in United States. Later in 1878 in Venezuela, the first oil company was founded called “Compania Nacional Petrolia del Tachira” by Antonio Pulido.

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Was Venezuela a British colony?

Venezuela is among the most urbanized countries in Latin America; the vast majority of Venezuelans live in the cities of the north and in the capital. The territory of Venezuela was colonized by Spain in 1522 amid resistance from indigenous peoples. … It separated as a full sovereign country in 1830.

Why did the Spanish come to Venezuela?

By the late sixteenth century, agriculture had become Venezuela’s chief economic activity. … The Spanish crown, however, showed little interest in Venezuela’s agriculture. Spain was obsessed with extracting precious metals from its other territories to finance a seemingly endless series of foreign wars.

When did Spain lose Venezuela?

The First Venezuelan Republic

Radicals within the government, such as Simón Bolívar, José Félix Ribas, and Francisco de Miranda pushed for unconditional independence and on July 5, 1811, the congress approved it, making Venezuela the first South American nation to formally sever all ties with Spain.

What happened Chavez?

Hugo Chávez, the 45th President of Venezuela, died on 5 March 2013 at 16:25 VET (20:55 UTC) in Caracas, Venezuela from cancer at the age of 58. His death triggered a presidential election which was constitutionally required to be called within 30 days.

What did Chavez do?

Using record-high oil revenues of the 2000s, his government nationalized key industries, created participatory democratic Communal Councils and implemented social programs known as the Bolivarian missions to expand access to food, housing, healthcare and education.

Where Was Hugo Chavez born?

When Napoleon named Joseph Bonaparte King of Spain and its colonies, which included Venezuela, Bolívar joined the resistance movement. … Bolívar was hailed as El Libertador (The Liberator), though civil war soon erupted in the republic, forcing him to flee to Jamaica and seek foreign aid.

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How did Simon Bolivar free Venezuela?

With backing from the patriots of New Granada, Bolívar led an expeditionary force to retake Venezuela. In a sweeping hard-fought campaign, he vanquished the royalists in six pitched battles and on August 6, 1813, entered Caracas. He was given the title of Liberator and assumed political dictatorship.

Why did Venezuela become independent?

The Venezuelan Declaration of Independence (Spanish: Acta de la Declaración de Independencia de Venezuela) is a statement adopted by a congress of Venezuelan provinces on July 5, 1811, through which Venezuelans made the decision to separate from the Spanish Crown in order to establish a new nation based on the premises …