An indispensable resource for readers interested in Venezuelan history, this book analyzes Venezuela's economic crisis through the context of its political and social history. For decades, the economy of Venezuela has depended on petroleum. As a consequence of a reduction in the price of oil, Venezuela recently experienced an economic downturn resulting in rampant social spending, administrative corruption, and external economic forces that collectively led credit-rating agencies to declare in November 2017 that Venezuela was in default on its debt payments. How did this Latin American nation come to this point? The History of Venezuela explores Venezuela's history from its earliest times to the present day, demonstrating both the richness of Venezuela and its people and the complexity of its political, social, and economic problems. As with all titles in The Greenwood Histories of the Modern Nations series, this chronological narrative examines political, economic, cultural, philosophical, and religious continuities in Venezuela's long and rich history, providing readers with a concise yet up-to-date study of the nation. The volume highlights the country's wide variety of cultures, languages, political ideologies, and historical figures and landmarks through maps, photographs, biographies, a timeline, and a bibliographical essay with suggestions for further reading.
This book details the diplomatic relations between the United States and Venezuela during a pivotal time in world history. Through the utilization of archival materials and newspaper accounts, the author highlights the words of the major participants to demonstrate how the two nations worked together – sometimes hand-in-hand, sometimes face-to-face – to prevent the European War from spreading to the Western Hemisphere. Despite several efforts to develop hemispheric unity during the War, Venezuelan leaders perceived the policy of neutrality to be in the best interest of the country's national sovereignty. This book explores the personalities of the chief executives and selected diplomats to illustrate how both personnel and personalities molded their nation’s foreign relations. In the end, while perceived as two very different individuals who pursued different paths during the global conflict, the leadership styles of President Woodrow Wilson and General Juan Vicente Gómez were more alike than they realized. The overall cordial relations between the two nations during the period under review helped establish the foundation for the petroleum bonanza that United States companies would enjoy in the following years.
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