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Hugo Chavez is elected president and begins the Bolivarian Revolution (named after Simon Bolivar). He wanted to restore democracy, create economic independence, equal distribution of revenues, and ended political corruption. A new constitution was made and Venezuela's economy and well being improved.

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In 1973, there was an oil crisis in other countries that led to Venezuela's economy to being improved drastically because all the other countries depended on Venezuela. The oil and steel industries grew and nationalized. However, the oil prices in the world fell, and Venezuela was pushed back and welfare spending was cut. There was now even more inflation, poverty, and political corruption.

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Romulo Gallegos was the first democratic leader ever elected. He served two presidencies until he was overthrown by dictator, Marcos Perez Jimenez. Afterwards, there were many coups and leaders that were overthrown until 1964.

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Juan Vicente Gomez ended the civil war and became Venezuela's leader. Gomez ruled by military, but created a lot of the country's infrastructure and maximized the Venezuela's production of oil, repayed all debts, and helped the economy stabilize. Through all of this, he was a tyrannical dictator that had many good strategies.

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Christopher Columbus and Alonso de Ojeda lands in the Gulf of Paria (Venezuela) and explores the Orinoco river. Before they arrived, the land was settled by Carib, Arawak, and Chibcha people. Columbus created the name, "The Land of Grace" for this country.

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Spanish conquistadors started to colonize Venezuela on the north-east coast. Even though the natives resisted, the conquistadors ignored them and began setting up more and more colonies. Two specific leaders who rebelled are Guaicaipuro and Tamanaco.

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Venezuela declared independence from Spain because the citizens had been suffering from high taxes and lack of self-rule for a long time. When Napoleon invaded Spain, it threatened their power to rule over colonies.  Venezuelan patriots took the chance to claim independence when Spain was at their weakest point started the war with Spain. Venezuela was successful in obtaining their freedom.

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The Spanish come to reclaim Venezuela and Simon Bolivar lead troops to defeat the Europeans at the Battle of Boyaca. Bolivar establishes Gran Colombia that was a combination of the countries Columbia, Ecuador, and Venezuela. He then became the first president.

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Bolivar became a dictator in order to prevent Venezuela's and Ecuador's attempts from seceding Gran Columbia. The government became only about military and executive power. Bolivar died sometime later and all three countries fully gained independence.

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The Federal war (also known as the five year war or the Great war) was a civil war that broke out because of political problems. The conservatives and Liberals fought over positions in government and land ownership. This was the bloodiest war since the break off from Spain.