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Venezuela History

Venezuela History

Struggle between dictatorship and democracy During the period of the dictatorship of General JV Gómez (1908–35, with interruptions), oil production developed into Venezuela’s economic base, supported by foreign capital investments. With the help of the state’s share in oil sales, Gómez reduced the national debt and stabilized the currency. Venezuela has benefited from the exploitation of its large oil reserves since the 1920s and has become one of the most modern Latin American states on this basis. In 1948 a…

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Venezuela Guide

Venezuela Guide

Venezuela – country information Country name Venezuela Official name Republic of Venezuela Capital Caracas Continent South America Area 912,050 km2 Population 28,946,101 (2011) Foundation of a state 5/7/1811 The highest mountains Pico Bolívar 5,007 m Longest rivers Orinoco 2740 km State system a pluralistic federal presidential republic with a bicameral parliament The biggest cities (conurbation) Caracas (capital) 3,550,000, Maracaibo 1,525,000, Valencia 1,225,000 Official language Spanish Ethnicity/National Composition mestizo 70.5%, white 18.5%, black 9.0%, Indian 2.0% Religious affiliation Roman Catholic 92%,…

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