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Paradise Lost: Venezuela's Path from Riches to Ruin - Wall Street Journal

The discovery of oil in the early 20th century transformed Venezuela from an economic backwater into one of the richest nations in South America. Today, the country is grappling with a political crisis and an economic meltdown, which has led to shortages of food and medicine and prompted hundreds of thousands to flee.

1829-1830 Venezuela breaks away from Gran Colombia and becomes independent.

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