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Since its discovery in the early nineteen hundreds, Venezuela has been a country that has been largely dependent on its oil resources. Venezuela, once a country which stood tall and proud in Latin America today is dealing with one of the worst financial crises in recent years. A country which sits on the world’s largest reserves of oil (more than 298 billion barrels of proven oil resources) is also home to one of the worst economies in today’s world. A country so dependent on oil that almost all of its exports and half of government revenue are entirely reliant on oil exports. Although the crisis began in 2012, it happened due to the policies of previous leaders of the country. In 2016, when the GDP contracted severely by 10%, inflation jumped to 720%, people faced widespread shortages of consumer goods, and their central bank international reserves dwindled. The main cause of the current economic crisis is the fall in oil prices which entirely finance the social policies of the Venezuelan government. The crisis has left the country in shambles. The number of protests in the country is rapidly rising as the general public constantly clashes with the security forces.