what country colonized venezuela
Spain's colonization of mainland Venezuela started in 1522, establishing its first permanent South American settlement in the present-day city of Cumana. CumanÃ¡ in the 16th, Century venezuela was contracted as a concession by The king Of spain to The German welser banking (Family-Klein, venedigâ1528). 1546n 2014, Venezuela entered an economic recession. In 2015, Venezuela had the world's highest inflation rate with the rate surpassing 100%, becoming the highest in the country's history. Economic problems, as well as crime and corruption, were some of the main causes of the 2014â15 Venezuelan protests.