Pre-Chavez Economy: Difference between revisions
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=Pre Chavez Economy= | =Pre Chavez Economy= | ||
'''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 | |||
#This time was dominated by a plantation culture, more closely resembling the systems of the Carribbean Islands than that of a South American territory | |||
#Colonial authorities organized the local Indians into an encomienda system to grow tobacco, cotten, indigo, and cocoa | |||
Revision as of 23:34, 30 April 2006
Pre Chavez Economy
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
- This time was dominated by a plantation culture, more closely resembling the systems of the Carribbean Islands than that of a South American territory
- Colonial authorities organized the local Indians into an encomienda system to grow tobacco, cotten, indigo, and cocoa
