Christopher Columbus was the first European to visit Venezuela. He came in 1498 during his third voyage to the New World, and landed on the Peninsula de Paria. Following the coast, he explored the Rio Orinoco Delta and concluded that he had found much more than another Caribbean island. More explorers came a year later, and it was Alonso de Ojeda who gave the country its name. Arriving at Lake Maracaibo, he admired the stilted houses that the Indians had build above the lake and called the place Venezuela - "Little Venice." A year after that the Spanish established their first settlement, Nueva Cadiz, which was later destroyed by a tsunami. Early colonization in Venezuela was much less rampant than it was in other parts of South America, and the colony was ruled with a loose hand from Bogota. It was much less important to the Spanish than the mineral-producing colonies of Western South America, but Venezuela would later surprise the world when massive oil reserves would be discovered.



Venezuela may have been a quiet outpost on the edge of the Spanish Empire, but it gave birth to the man who would one day turn that empire on its head: Simon Bolivar. With the help of British mercenaries, Bolivar and his followers campaigned against the Spanish tirelessly, marching across the Andes and liberating Colombia in 1819, Venezuela in 1821, and Ecuador, Peru, and Bolivia in 1825. Much of his army was composed of native Venezuelans. Independence did not prove easy for the new nation. Civil strife, wars, and dictatorships raged in the country well into the next century. Though some dictators sought real reform, most milked their positions for personal gain. Border disputes with the British colony of Guyana erupted in the 1840s, and although they never boiled over into full-fledged warfare, Venezuela still disputes the border to this day.

In the early 1900s, the conflict-ridden nation finally began to get on its economic feet with the discovery of oil, and by the 20s Venezuela was beginning to reap the benefits. Unfortunately, most of the wealth remained with the ruling class, and the plague of dictators continued until 1947 when Romulo Betancourt led a popular revolt and rewrote the constitution. The first president-elect in Venezuela's history took office the same year, the novelist Romulo Gallegos. Unfortunately, he was ousted by another dictator and the country did not experience a non-violent presidential succession until 1963. For the next 25 years, things went comparatively well. An oil boom in the mid-1970s saw enormous wealth pour into the country, though, as always, the vast lower class benefited little. Oil prices dropped in the late 80s and once again the country was thrown into crisis. Riots swept through Caracas and were violently repressed, and two coup attempts took place in 1992.

In 1998, Hugo Chávez (who led the first unsuccessful coup in 1992) was elected president as a reaction against the established political parties and the corruption and inequalities their policies created. He remains president today. Since coming to power, Chávez has attracted some controversy through his reforms of the Constitution, the implementation of his "Bolivarian Revolution", and in April 2002 (though now a democratically elected president) Chávez was temporarily ousted from power by right-wing elements in the army and the business sector.

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