How Oil Destroyed Venezuela
Venezuela is an oil rich nation that throughout the 20th century, was one of the wealthiest nations in the world. Today, however, it's one of the poorest. In this video I'm going to explore how Venezuela went from one of the richest countries on earth to one of the poorest.
Chapters
00:00 - Intro
01:08 - The Discovery of Oil
03:26 - The Golden Age of Venezuela
04:53 - The Beginning of the End
09:40 - Venezuelan Socialism