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It gained full independence as a separate country in 1830. During the 19th century, Venezuela suffered political turmoil and autocracy, remaining dominated by regional caudillos (military strongmen) until the mid-20th century. Since 1958, Venezuela has had a series of democratic governments.
Venezuelans themselves had tried to extract oil for a small hand-pumped refinery early in the 20th century. When word spread internationally of Venezuela's oil potential, representatives of large foreign companies came to the country and started lobbying for rights of exploration and exploitation, and Gómez established the concessionary system.
Following Venezuela's separation from Gran Colombia, the Venezuelan congress approved a new constitution and banned Simón Bolívar from his own homeland. [6] Although the 1830 Constitution prescribed democracy, tradition and practical difficulties militated against the actual working of a republican form of government, and in practice an oligarchy governed the nation.
20th-century crimes in Venezuela (3 C) D. 20th-century disasters in Venezuela (6 C) M. 20th century in Maracaibo (6 P) P. 20th-century Venezuelan people (4 C, 326 P) T.
Venezuela portal; Years of the 20th century in Venezuela. Subcategories. This category has the following 81 subcategories, out of 81 total. 0–9. 1902 in Venezuela (4 P)
Since the discovery of oil in the early 20th century, Venezuela has been one of the world's leading exporters of oil, and it is a founding member of OPEC. Previously an underdeveloped exporter of agricultural commodities, oil quickly came to dominate exports and government revenues.
At the turn of the 20th century, German traders dominated Venezuela's import/export sector and informal banking system. Most of these, however, had little influence in Berlin; rather it was German industrialists and bankers, including those associated with building railroads, who had connections and influence. [2]
Rómulo Ernesto Betancourt Bello (22 February 1908 – 28 September 1981; Spanish pronunciation: [ˈromulo βetaŋˈkuɾ]), known as "The Father of Venezuelan Democracy", was a Venezuelan politician who served as the president of Venezuela, from 1945 to 1948 and again from 1959 to 1964, as well as leader of the Democratic Action, Venezuela's dominant political party in the 20th century.