Preview

The Crisis in Venezuela

Satisfactory Essays
Open Document
Open Document
366 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The Crisis in Venezuela
Name: Alicia Torres

The Crisis in Venezuela p.16

What’s the Big Idea?
After reading “The Crisis in Venezuela,” use the graphic organizer below to record the article’s central ideas. Use the topics in the column on the left as a guide.

TOPIC
STATE THE CENTRAL IDEA RELATED TO THIS TOPIC
ECONOMY

Shortages of basic goods
UNREST

Lost in oil
South America facing crisis
GOVERNMENT RESPONSE TO UNREST

Insisting to changing to a dictatorship
RELATIONSHIP WITH THE U.S.

U.S buys oil from them

Highlight the best answers.
1. Venezuelan President Nicolás Maduro has blamed his nation’s economic woes on a Iran. b Mexico. c the United States. d Argentina.

2. In recent years, Venezuela’s economy has largely been kept afloat by a international aid. b the tourism industry. c textile manufacturing. d oil exports

3. Government-imposed price controls for some goods in Venezuela have resulted in a increased opportunities and profits for importers. b shortages of basic products.
c. declining prices for black-market goods. d the world's lowest inflation rate.

4. How has President Maduro responded to anti-government protests? a He has loosened price controls and created jobs. b He is working to revitalize the nation’s central bank and court system. c He has jailed protesters and shut down news organizations that don't support his policies. d none of the above

5. Which of these is NOT mentioned in the article as currently being on the rise in Venezuela?
a. violent crime
b. crude oil prices
c. inflation
d. discontent

6. The U.S. has taken a hard line in Venezuela by
a. freezing the assets of some Venezuelan officials.
b. ceasing all trade.
c. sending shipments of medical supplies and food.
d. none of the above

7. How have relations between Venezuela and the United States changed in recent decades?
The oil supply from the U.S. is buying the oil from Venezuela and today U.S doesn’t buy oil anymore.

8. What are some indications that

You May Also Find These Documents Helpful

  • Better Essays

    critique of the movie, I will discuss the nature of the crisis. I will suggest steps to alleviate the crisis,…

    • 1249 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Jordan, James. 2007. Venezuela: Democracy or dictatorship. Green Left Weekly, (November 29), http://www.greenleft.org.au/2007/734/38002 (accessed February 18, 2010).…

    • 2996 Words
    • 12 Pages
    Powerful Essays
  • Good Essays

    a. According to the video, how significant a role did the mass media play during the political crisis in Venezuela in 2002? What role did social class appear to play in determining the political loyalties of Venezuelans? b. According to Medea Benjamin, why did Hugo Chavez win a landslide reelection victory in 2004? According to Gregory Wilpert, what have been the major achievements of the Bolivarian Revolution after twelve years in power, and what have been their major shortcomings? Based on these materials, why do you think U.S. leaders have had such a negative view of Hugo Chavez and the Bolivarians? If you were an advisor to President Obama and Secretary of State John Kerry, how would you suggest that the U.S. deal with the government of Venezuela?…

    • 929 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Largest depreciation of the currency, from 5.3 pesos per dollar to over 10 pesos per…

    • 1367 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    6) his vp pick disagrees with him & calls things he says "inappropriate", but you still support him.…

    • 195 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    I. 1890’s a time of intense difficulty A. Financial Upheaval, strikes, powerless gov. against wealthy B. People had predicted the fall of America/Civilization a. Some viewed it as a phase that would pass and would eventually lead to greater accomplishments II. Difficult Times A. Chicago 1893, catches the new age…

    • 1646 Words
    • 7 Pages
    Good Essays
  • Good Essays

    The crisis in Venezuela

    • 378 Words
    • 2 Pages

    Officially called the Bolivarian Republic of Venezuela, the fourth largest country in South America is located on the northern coast of the continent and with an estimated population around thirty million citizens. The spanish speaking country is one of the most urbanized in South America with the majority of the population living in and around Caracas, the country’s capital. Venezuela is best known for its vast natural resources, specially its reserves of crude oil and gas, making it an important producing and exporting nation. In this friendly and welcoming country, baseball is the most popular sport, alongside basketball and soccer. But the undisputed champion in popularity is the Miss Universe contest, with many wins in recent past by the beautiful women of the country. What is far from attractive is the desperate and chaotic situation that surrounds the nation, recently marked by violent protests from young students and government opposition.…

    • 378 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Zip-6 management has been approached with a proposition to buy out a Venezuelan soft drink manufacturer and bottler. The selling price, however appears to be slightly below book value for the assets. There are wide spread concerns that Zip-6 should consider when making a decision to do any business in Venezuela. Currently the concerns include a weakening of democratic institutions, political polarization, a politicized military, rampant violent crime, overdependence on the petroleum industry with its price fluctuations, foreign exchange controls that discourage private-sector investment, high inflation, a decline in the quality of fundamental human rights, and widespread scarcity of consumer goods.(cia.gov) Below is a report detailing my investigation of the legal, political, and economic climate in that country that Zip-6 management needs be made aware of.…

    • 670 Words
    • 3 Pages
    Better Essays
  • Powerful Essays

    Paz Salinas, Maria Emilia. Crisis y Expropiacion, un analisis comparativo: 1938 - 1982. Revista Mexicana de Sociología, Vol. 45, No. 2 (Apr. - Jun., 1983), pp. 441-451 Published by: Universidad Nacional Autónoma de México…

    • 4293 Words
    • 18 Pages
    Powerful Essays
  • Satisfactory Essays

    Puerto Rico Crisis

    • 124 Words
    • 1 Page

    As we all know, Puerto Rico is going through the biggest crisis in history. All the citizens have been affected by this in many ways. After PROMESA was implanted, the famous flag door in Old San Juan was painted black. This act caused lots of controversy across the island, which lead to different opinions and reactions from Puerto Ricans. When I saw the door painted in black, countless awful thoughts came to my mind. Darkness, sadness, fear, were just a few of my feelings. Of all those words, “death” was the first one that crossed my mind because I associate the color black with death. Through the painting, I perceived Puerto Rico was dead, and the happiness, and the wonderful moments were all over.…

    • 124 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    The readings of week three described the economic issues and the rise of the different powers in Latin America. The Authors Bakewell and Escosura both wrote about the shifts in power from the Europeans to the independence of Latin America. Everything starting with the Bolivar movement, when Simon Bolivar wanted to free his country of the Spanish control in Venezuela. These movements showed that the Latin American people had enough of the European control in their land. They wanted to have their own freedom and power over their countries, making them cause revolutions in order to remove the European control. The switch from European control to the control of the people had an impact majorly on the economy and government of the people. This even affected the mindset of the people as well. In relation to what we have learned in lecture about the European power and how it changed the mindset of the people continues on today. Many of the countries are still shattered and hurt from the oppression by the European…

    • 854 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    PURPOSE: This article is telling us about the struggle of Puerto Rico and the devastation of Puerto Rico. This article is also…

    • 346 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Venezuela was once the richest country in Latin America. It has the largest oil reserves in the world and its democratic government was once praised worldwide but today, Venezuela’s democratic intuitions and its economy are in shambles. The country has the highest inflation in the world, making food ,and medicine inaccessible…

    • 51 Words
    • 1 Page
    Good Essays
  • Satisfactory Essays

    The Spanish economy crashed after the Spanish conquestadors conquered the Inca and brought over all the gold and other resources that they had. “Almost overnight, Spain became very rich taking home unprecedented quantities of gold and silver.”(Tejvan Pettinger, 9/24, What happened to the spanish gold from the Incas?) Because of the influx of gold and silver, the Spanish economy suffered inflation. Everything costed more and certain things were worth less than they used to be. This is how the Spanish economy crashed.…

    • 82 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    In the early of 1930s, total exports of oil represented over 90%, and national debate focused on better working conditions for workers and increased taxation of the amount of multinational oil companies. From 1950s to the early 1980s the economy of Venezuela was the strongest and most successful in South America. The continuous development during that period brought many…

    • 60 Words
    • 1 Page
    Satisfactory Essays