Captaincy General of Venezuela
The independence movement for Venezuela began with the establishment of the Caracas Junta in 1810. After the Venezuelan Declaration of Independence in 1811, the provinces of Caracas, Cumaná, Barinas, Margarita, and the newly separated ones of Barcelona, Trujillo, and Mérida established a Republic of Venezuela, which claimed the area of the Captaincy General. The provinces of Maracaibo and Guayana, along with the city of Coro, rejected the republic, and after a year of war against the royalists, this First Republic collapsed. The provinces that had created the Venezuelan Republic were reconquered by Frigate Captain Domingo de Monteverde, who usurped power from the appointed Captain General Fernando Miyares. Because of this the Cádiz Cortes erected the Province of Maracaibo into a separate Captaincy General with Miyares at its head, but did ratify Monteverde as Captain General of the smaller Venezuela. During this period, the Province of Maracaibo elected a representative to the Cortes, José Domingo Rus, who served from March 3, 1812, to May 10, 1814, and continued to represent the province before the crown after Ferdinand VII abolished the Cortes. With Ferdinand VII's return, Venezuela was reunited in one captaincy general.
History of Venezuela (1908–1958)
It did not take much geological expertise to know that Venezuela had large petroleum deposits, because the petroleum oozed out from seeps all over the country and an asphalt lake had formed naturally. Venezuelans themselves had tried to extract oil for a small hand-pumped refinery early in the 20th century. When word spread internationally of Venezuela's oil potential, representatives of large foreign companies came to the country and started lobbying for rights of exploration and exploitation, and Gómez established the concessionary system. Venezuela had inherited from Spain the law that the ground surface—presumably, as deep as a plow or a water well went—could belong to individuals but everything under the soil was state property. Thus, Gómez began to grant huge concessions to family and friends. Any one who was close to Gómez eventually would become rich in one way or another. Gómez himself accumulated immense expanses of grasslands for cattle-raising, which had been his original occupation and was a lifelong passion. The Venezuelan concessionaires leased or sold their holdings to the highest foreign bidders. Gómez, who didn’t trust industrial workers or unions, refused to allow the oil companies to build refineries on Venezuelan soil, so these were built them in the Dutch islands of Aruba and Curaçao. The one in Aruba was for a time the second largest in the world, after the one in Abadan, Iran. Although the Venezuelan oil boom started around 1918, the year when oil first figured as an export commodity, it took off when an oil well called Barroso blew a spout that threw up an average of the equivalent to 100,000 barrels a day. It took five days to bring the flow under control. By 1927, oil was Venezuela's most valuable export and by 1929 Venezuela exported more oil than any other country in the world.