Fifth Republic Movement
Venezuela historiography recognizes four "republics," or major regime changes since the country was founded in 1811. The First Republic, known as the "Venezuelan Confederation" lasted until 1812. The Second Republic is the restored republican regime that was instituted by Simón Bolívar after his Admirable Campaign in 1813, and which lasted until 1814. The Third Republic refers to the period after 1816 in which various patriot guerrilla bands joined under Bolívar's leadership in the Llanos of Venezuela and set up an independent government. This process culminated in the Congress of Angostura, but shortly thereafter the Congress declared Venezuela to be part of a larger Gran Colombia. Gran Colombia lasted only a decade and at its dissolution Venezuela became once again the "Republic of Venezuela," which is considered the start of the Fourth Republic. In 1864 the country was then restructured into the "United States of Venezuela", before reverting once again to the name, "Republic of Venezuela" in 1953. Although both periods began with the implementation of new constitutions (the fourth and twenty-fourth constitutions, respectively), both have been deemed by Venezuelan historiography as a continuation of the Fourth Republic.
First Republic of Venezuela
Though the Congress declared independence, the provinces of Maracaibo and Guayana and the district of Coro remained loyal to the Supreme Central Junta of Spain and the Cádiz Cortes that followed it. The new Confederation claimed the right to govern the territory of the former Captaincy General, and the region plunged into full civil war by 1810 with fighting breaking out between royalist and republican areas. A military expedition from Caracas to bring Coro back under its control, was defeated in November. The Caracas Junta, which continued to govern Caracas Province, did not have much power in the newly declared Confederation, and had a hard time getting supplies and reinforcements from the other confederated provinces. The Confederation was led by "criollos", but was not able to appeal to the lower classes, despite attempts to do so, because of a declining economic situation. Cut off from Spain, Venezuela lost the market for its main export, cocoa. As a result, Venezuela experienced severe losses of specie, using it to purchase much needed supplies from its new trading partners, such as the British and the Americans, which could not take the full output of agricultural products as payment. The federal government resorted to printing paper money to pay its debts with Venezuelans, but the paper money rapidly lost value, turning many against the government.