An Examination of the Administration of Hugo Chavez and the Economy of Venezuela
President Hugo Chavez and Venezuela's Economy Introduction to Venezuela Truth be told, everyday life is heavily dependent on oil – from pouring gasoline into cars to the lipstick women use. The importance of oil cannot be ignored when studying Venezuela, a country widely known for its oil industry. Unfortunately, Venezuela's economy heavily depends on its oil industry rather than any other natural resource owned, such as natural gas – its secondary source of energy. Under former President Hugo Chavez's rule,…...
Venezuela
Color Variation in Venezuelan Guppies
Color variation amongst organisms in a species can prove advantageous or harmful – it can contribute to their survival or death, as seen in the 1970 study by John Endler on the drastic color differences between Venezuelan guppies in different pools. Some of these wild guppies sported vivid, bright colors, while others displayed more drab shades and only offered scattered specks of color. This tremendous contrast in coloration led to a question: "What caused these trends in the coloration of the guppies?” Upon analysis of…...
Venezuela
International Politics and the Oil Industry in Venezuela
Politics and the Oil Industry: A Venezuelan Affaire Long before greedy corporations dominated the oil industry, the indigenous people of Venezuela were using natural resources for medicinal and construction purposes. Around the turn of the 15th century, Spanish explorers visiting the coast of Venezuela observed this and introduced its various uses to Europe. It was not until the early 20th century, however, that the first oil well was drilled in Venezuela and oil became a major export product. Before that,…...
Venezuela
The Importance of the Oil and Gas Industry in Venezuela
Venezuela has inherited the largest volumes of oil and natural gas in the world, as the world's 4th most prolific supplier of crude oil to the USA. Also, Venezuela outstrips the several contributors of the Organisation of Petroleum Exporting Countries (OPEC). As of 2014, boasting of its almost 300 billion barrels of oil reserves (298 billion), Venezuela has even topped Saudi Arabia in oil reserves. In addition to petroleum, Venezuela stands prominent among world natural gas producers. In 2014, Venezuela ranked second among American…...
Venezuela
Venezuela’s Downfall
In 2011 US. Senator Bernie Sanders declared: “These days, the American dream is more apt to be realized in South America, in places such ...) Venezuela(...), where incomes are more equal today than they are in the land of Horatio Alger," However, looking at Venezuela just a few years later only one word can sum up the situation: turmoil. Despite receiving trillions of dollars in oil revenue over recent decades, Latin America is in full economic collapse. It can be…...
Venezuela
The Impact of Inflation in Venezuela
Venezuela is not the best place to do business. Inflation is so high that menu costs ordinarily insignificant—would be high. The government has cut ties with the IMF and does not want to switch to a more stable currency to prevent further inflation, like what Zimbabwe did when it switched to the US dollar. But what might cause inflation to be more rampant? Because inflation is how much the growth of money supply outstrips the growth of GDP, assuming velocity is constant (the…...
Venezuela
Simon Bolivar And Toussaint Louverture
Simon Bolivar and Toussaint L’Ouverture both accomplished great things. They both made history and shaped Latin America as we know it. Simon Bolivar changed history of Latin America by organizing and achieving the independence of much of Latin American and northern south America. This happen late 1700s and 1800s. Simon Jose Antonio de la Santisima Trinidad Bolivar y Palacios was born in Caracas, Venezuela July 24 of 1783. When his parent died Bolivar inherited all their fortune. By the time…...
Latin AmericaVenezuela
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