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Venezuela declares independence
Francisco de Miranda leads Venezuela to declare independence from Spain, beginning the Venezuelan War of Independence. -
Federal War
Political turmoil and dictatorial rule resulted in this civil war between the Conservative and Liberal parties over the Conservative's control over the government. -
Venezuelan Crisis of 1895
The long existing dispute with Great Britain over the territory of Guayana Esequiba resulted in a diplomatic crisis. -
Venezuelan Crisis of 1902-1903
After Venezuela's leader, Cipriano Castro, failed to pay foreign debt, a naval blockade was imposed by Britain, Germany, and Italy. -
Oil deposits discovered
Oil deposits discovered in Lake Maracaibo transformed Venezuela's economy and created an economic boom for decades afterwards. -
Pérez Jiménez becomes president
During Jiménez's presidency, Venezuela's debt grew 25 times greater and created an economic crisis in the 1960s. -
The bolivar is devalued
Occurring on Black Friday, the bolivar devalued, unleashing an economic crisis that hit investments in crucial financial centers of the Venezuelan capital. -
Caracazo riots
Economic crises led to a wave of riots resulting in hundreds of deaths, and the impeachment of President Carlos Andrés Pérez. -
Bolivarian Revolution (1999-present)
Led by Hugo Chávez, the Bolivarian Revolution seeks to implement popular democracy, economic independence, equitable distribution of revenues, and an end to political corruption. -
Oil prices plummet
Venezuela's dependence on oil results in economic pressure, leading to increase in debt, an economic recession, and the world's highest inflation rate.
