Venezuela's Journey: From Wealth to Crisis

What natural resources contributed to Venezuela's initial wealth?

• Coal and diamonds

• Timber and fish

• Oil and natural gas

• Gold and silver

What is Vivi's favorite hobby?

• Cooking

• Making jewelry

• Painting

• Gardening

Why did Vivi's father move to Miami?

• To earn money for his family

• To pursue higher education

• To escape political persecution

• To start a new business

What was the initial impact of oil discovery on Venezuela's economy?

• It led to a decline in agriculture

• It caused environmental damage

• It increased unemployment

• It brought wealth and prosperity

What system did Venezuela adopt that led to economic challenges?

• Monarchy

• Feudalism

• Socialism

• Capitalism

What was one of the promises made by the socialist government in Venezuela?

• Free education for all

• Reforms to fight inequality

• Tax cuts for businesses

• Expansion of the military

What was a major consequence of the socialist policies in Venezuela?

• Scarcity of basic needs

• Increased foreign investment

• Improved healthcare

• Economic prosperity

What did Hugo Chavez promise to provide for the poor?

• Free healthcare and food

• Luxury housing

• Free education

• Tax exemptions

What happened to the experts in Venezuela during Chavez's presidency?

• They were promoted

• They left the country

• They received higher salaries

• They were given more power

What was a significant result of Chavez's policies on the population?

• Increased birth rates

• Mass emigration

• Higher employment rates

• Improved living standards