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During the Spanish American wars of independence, the United States was officially neutral but permitted Spanish American agents to obtain weapons and supplies.With the reception of Manuel Torres in 1821, the Gran Colombia (present-day Panama, Colombia, Ecuador, northern Peru, Venezuela, western Guyana and northwest Brazil) became the first former Spanish colony recognized by the United States ...
An October 2020 report published by the Washington Office on Latin America (WOLA) by Venezuelan economist Luis Oliveros found that "while Venezuela's economic crisis began before the first U.S. sectoral sanctions were imposed in 2017, these measures 'directly contributed to its deep decline, and to the further deterioration of the quality of ...
The economy of Venezuela is based primarily on petroleum, [4] [18] as the country holds the largest crude oil supply in the world. [19] Venezuela was historically among the wealthiest economies in South America, particularly from the 1950s to 1980s. [20]
But Maduro endured and the economic and humanitarian crisis in Venezuela worsened. As a result, the U.S. has seen an increasing number of Venezuelans show up on its borders.
The political, social and economic crisis that has come to define their South American homeland has evolved since it began a decade ago as a result of a global drop in the price of oil, Venezuela ...
Maduro and his aides have always rejected sanctions by the U.S. and others, saying they are illegitimate measures that amount to an "economic war" designed to cripple Venezuela.
Shortages in Venezuela of food staples and basic necessities occurred throughout Venezuela's history. [6] Scarcity became more widespread following the enactment of price controls and other policies under the government of Hugo Chávez [7] [8] and exacerbated by the policy of withholding United States dollars from importers under the government of Nicolás Maduro. [9]
Venezuela on Saturday condemned new sanctions that the U.S., Britain, and the European Union imposed the previous day, when the country swore in President Nicolas Maduro for a third term after a ...