Maduro developed Venezuela into a brutally repressive dictatorship in the face of his dwindling popularity.

Political Problems Under Maduro

The Venezuelan economy has fallen apart under Maduro, who has continued to rely on oil to support the economy. Once the price of oil fell along with oil production, Venezuela entered a recession. The production of non-oil sectors also fell, resulting in a scarcity of resources. Hyperinflation reached a historic high of 2.6 million percent at the beginning of 2019, and poverty drastically increased. (AV 2-4; Buxton 1372).

Economic Crisis Under Maduro

Maduro exacerbated Chávez’s authoritarian policies and allowed the Venezuelan economy to collapse in recent years.

Wesleyan University

The current crisis in Venezuela affects all levels of Venezuelan society. Political problems began under Hugo Chávez and have been exacerbated by Nicolás Maduro, who has also overseen a large-scale economic crisis over the past several years.

The Crisis in Venezuela, from 1999 to Present

Many of the political and economic problems that currently afflict Venezuela stem from issues that began under Chávez’s rule.

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