Republic of Venezuela

Republic of Venezuela
República de Venezuela (Spanish)
1953–1999
Motto: "Dios y Federación" (Spanish)
Anthem: "Gloria al Bravo Pueblo"
Location of Venezuela
Capital
and largest city
Caracas
Official languagesSpanish
Religion
None (around 92% Roman Catholic)
Demonym(s)Venezuelan
GovernmentFederal presidential constitutional republic initially under a military dictatorship (1953–1958)
President 
• 1953–1958
Marcos Pérez Jiménez
• 1959–1964
Rómulo Betancourt[1]
• 1964–1969
Raúl Leoni
• 1969–1974
Rafael Caldera
• 1974–1979
Carlos Andrés Pérez
• 1979–1984
Luis Herrera Campins
• 1984–1989
Jaime Lusinchi
• 1989–1993
Carlos Andrés Pérez
• 1993–1994
Ramón José Velásquez
• 1994–1999
Rafael Caldera
• 1999
Hugo Chávez
LegislatureBicameral Congress
Senate
Deputies
History 
• Established
11 April 1953
16 January 1961
2 February 1999
Population
• Estimate
8,142,838
HDI (1999)0.674[2]
medium
CurrencyBolívar
ISO 3166 codeVE
Preceded by
Succeeded by
United States of Venezuela
Bolivarian Republic of Venezuela

The Republic of Venezuela, also sometimes referred to as the Fourth Republic of Venezuela, was a democratic republic first established in 1953, and replaced in 1999 by the Bolivarian Republic of Venezuela. Venezuela saw ten years of military dictatorship from 1948 to 1958. After the 1948 Venezuelan coup d'état brought an end to a three-year experiment in democracy, a triumvirate of military personnel controlled the government until 1952, when it held presidential elections. These were free enough to produce results unacceptable to the government, leading them to be falsified and to one of the three leaders, Marcos Pérez Jiménez, assuming the Presidency. His government was brought to an end by the 1958 Venezuelan coup d'état, which saw the advent of democracy with a transitional government under Admiral Wolfgang Larrazábal in place until the December 1958 elections. Prior to the elections, three of the main political parties, Acción Democrática, COPEI and Unión Republicana Democrática, with the notable exclusion of the Communist Party of Venezuela, signed up to the Puntofijo Pact power-sharing agreement.

This period was characterised by the alternation of political power established in the Punto Fijo Pact; by the nationalisation of the oil industry in 1976 and the creation of PDVSA, the national oil and gas company; and by the rise of new social elites. Internationally, Venezuela became a founding member of the Organization of the Petroleum Exporting Countries (OPEC). The 1980s in particular were characterised by the flowering of art and culture and by the artistic development of the nation, especially in television. Pioneering media like RCTV made Venezuela famous with soap operas such as Kassandra.

  1. ^ First democratic President
  2. ^ "Human Development Report 1998" (PDF). hdr.undp.org.