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75a52c2 "In 1522, the country now known as Venezuela was colonized by Spain. Venezuela declared independence from Colombia In 1830. During the 19th and most of the 20th centuries Venezuela was ruled by caudillos or military strongmen. In the 1950's, Venezuela became a good example of a Latin American Country, ruled by a benevolent dictator on the very far right. This automatically made Venezuela our ally and thus received huge grants from us. President Marcos Perez Jimenez was awarded the Legion of Merit by Dwight D. Eisenhower. In return for this, he allowed American corporations to flourish in his country. Of course, he was also always ready to accept personal contributions. Since 1958, the country has had a series of democratic governments. It's economy depended on the export of coffee and cocoa until oil was discovered early in the 20th century. It now has the world's largest known oil reserves and is one of the world's leading exporters of oil. south-american-history venezuela Captain Hank Bracker "Salty & Saucy Maine"