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