Pre-Chavez Economy: Difference between revisions

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=History of Venezuela=
<center>| [[Venezuela's Economy]] |</center>
'''Colonial Economy:
 
*Spanish expenditionaries arrived in what is present-day Venezuela in 1498, but generally neglated the area because of its apparent lack of mineral wealth
<center>| [[Pre-Chavez Economy]] | [[Chavez Economy]] | [[Petroleum Industry]] |</center>
*Encomienda is a system where the Spanish crown granted rights over Indian labor and tribute to individual colonists, who in turn undertook to maintain order and to propogate Christianity among the Indians
 
*The Spanish crown officially ended the encomienda system in 1687, and enslaved Africans replaced the majority of Indian labor
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*This time was dominated by a plantation culture, more closely resembling the systems of the Carribbean Islands than that of a South American territory
<center>[[Image:Storia.gif|thumb|Description]]</center>
*Colonial authorities organized the local Indians into an encomienda system to grow tobacco, cotten, indigo, and cocoa
 
<center>[[History of Venezuela]] </center>

Latest revision as of 16:58, 4 May 2006