Venezuela's Economic Collapse
What single export did Venezuela become almost entirely dependent on for its national revenue?
oil/petroleum
Who claimed victory in Venezuela’s 2024 presidential election?
Nicolas Maduro
What major Venezuelan state-owned company has been heavily sanctioned by the U.S.?
PDVSA
Over 90% of Venezuelans now live in what condition?
Poverty
What has Venezuela’s collapse withdrawn from the global market?
Venezuela once had one of the strongest economies in Latin America. What global event contributed heavily to its collapse?
fall in global oil prices
Which opposition candidate was reported by independent tallies to have actually won the election?
Edmundo Gonzalez
What accusation has the U.S. made against Maduro regarding drug trafficking?
Maduro is accused of being affiliated/involved with the Cartel de los Soles
Medicine imports have decreased by what percentage?
Which two regions now supply most of the oil previously provided by Venezuela?
The United States & Middle East
Venezuela’s consumer inflation rate rose to over 800%. What is this extreme inflation called?
hyperinflation
Maduro stripped which government body of its power and replaced it with a pro-regime Constituent Assembly?
National Assembly
Sanctions caused a loss equivalent to what percent of Venezuela’s GDP between 2017 and 2024?
213%
What essential utilities do many Venezuelan hospitals lack?
Running water & electricity
Countries like Cuba and many Caribbean states relied on Venezuelan oil at what pricing arrangement?
Subsidized oil agreements
What percentage of Venezuela’s basic food items became unavailable during the crisis?
84%
What term describes a government that rules without checks and balances, often through repression?
Dictatorship/Authoritarian Rule
Under which UN doctrine do sanction supporters argue the U.S. is acting?
Responsibility to Protect Doctrine
Name one factor that has contributed to severe food shortages.
Collapse of imports, sanctions, hyperinflation
Venezuela’s collapse has contributed to instability in what global area?
International energy security
Nearly how many Venezuelans have fled the country, creating the largest refugee crisis in the Americas?
8 million
Name one human rights violation committed by pro-government militias after the election.
Arbitrary detention, torture, killing of protestors
Critics argue the U.S. is motivated by control over what valuable Venezuelan resource?
Oil
What phrase describes Venezuela’s current humanitarian disaster?
The world's most severe political and economic crises
What discussion question is raised about global vulnerability due to fewer oil suppliers?
Could increased dependence on fewer suppliers make the world more vulnerable to geopolitical crises?