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Hugo Chavez wins the presidency in Venezuela
Hugo Chavez was a great president of Venezuela. he contribute to the economy and rise the oil price and production. The economy -
Chavez presidency first term
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Oil price starts decreasing
In 2008 the oil price started falling and inflation started rising -
Maduro wins the elections of presidency
After the death of President Hugo Chavez, elections in Venezuela took place and Nicolas Maduro ended up as the president -
Protests against government
The people started to oppose the government's bad management of the economy -
Maduro declares state of emergency
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National Assembly debates Maduro "abandonment of office"
National Assembly vs the bad management of Maduro and all the effects it made in the country -
Crisis gets worse
The economic crisis in Venezuela gets even worse and many people had already migrated to neighboring countries. -
Maduro was re-elected
Maduro was supposedly re-elected as the president; however, the elections were rigged and corrupted so he is not officially recognized as the president of Venezuela -
Juan Guaido becomes the acting president of Venezuela
Juan Guaido becomes the acting president of Venezuela according to the National Assembly -
The COVID-19 global pandemic strucks the crisis
The crisis gets even worse since the pandemic created more damages to a weak economy