2. Crisis in Venezuela NOTE:
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3. Crisis In Venezuela

4. Remember our foreign Policy Goals?
Protecting National Security
Preserving World Peace
Promoting Economic Prosperity
Humanitarian Ideals

5. What about our tools? Soft Power Diplomacy: Conducting Negotiations
Summits: Meetings of Heads of State
Treaties: Peaceful Agreements
Trade Relations: Cross-Border Commerce
Foreign Aid: Help for less wealthy countries

6. What about our tools? Hard Power
Intelligence Gathering: Assess the threat
Covert Action: Secret tactics to influence events
Boycotts and Sanctions: Economic Pressure

7. Crisis In Venezuela
What is inflation?

8. Crisis In Venezuela
What does trade deficit mean?

9. Crisis In Venezuela
What is a sanction?

11. Crisis In Venezuela

12. Warm Up 3/15 (#3)
Write down one political, one economic, and one social fact about the crisis in Venezuela.

13. Mrs. Santos is desperately to recover full voice function
Mrs. Santos is desperately to recover full voice function. I will not speak above normal volume today. You will need to be quiet, and speak only when called on today. If you cannot do this, you will be asked to step outside until you have some control. If the class as a whole becomes a problem, I will stop teaching and you will be responsible for learning this information on your own.

14. March 15, 2018 Learning Targets (I can…):
*Explain the crisis currently happening in Venezuela
*Analyze the effectiveness of American Foreign Policy regarding Venezuela
Important Dates:
3/19: Structured Academic Debate on the crisis in Venezuela
3/20: Mini-Quiz on Venezuela
Turn in: None Take out: *Crisis in Venz. Research Handout *A place to take notes Agenda: *Crisis in Venezuela *Structured Academic Debates

15. Crisis In Venezuela Three aspects to the problem
Government Corruption- Political
Oil Prices & Inflation- Economic
Reaction to the Political & Economic-Social
Hunger
Crime

16. Background-Hugo Chavez
Ruled from 1999 to his death in 2013
Socialist
Nationalized industries
Socialist Programs
Increase in education, unemployment rate dropped, helped the poor
Two main reasons for great success
Charismatic
Oil Boom
Put oil money in to social programs

17. Background-Hugo Chavez
Shady
Some dictator type policies
Restricted freedoms of the press
Attempted coups against him – not popular with the upper class & the US government
Called President Bush “the Devil” in UN Speech
With $ came CORRUPTION
BUT had popular support

18. Crisis In Venezuela-Political
Nicolas Maduro
Chavez’s Vice President
Chavez named him as his successor
No government experience – bus driver
He was elected under promises to keep Chavez’s policies going
Took over in 2013
soon after oil prices fell
Accusations of corruption & mismanagement

19. Crisis In Venezuela-Political
March 2017
Supreme Court tries to take over National Assembly controlled by Maduro’s opponents
Reversed ruling 3 days later
Riots in the streets to protest government- military set up to maintain order
July 2017-Controversial elections set up new assembly
Rewrite constitution
Power grab? Break down of democracy?

20. Crisis In Venezuela-Economic
Remember Chavez?
All about the spending, not so much the saving
Not a friend to private business, companies leave
Corruption flourishes
Controls currency – rise of the black market
Oil = 90+% of Venezuelan exports
Lower prices on oil = less money coming in

21. Crisis In Venezuela-Economic
Maduro attempts to regulate imports to save value of Venezuelan currency
Doesn’t work
Rather than raise taxes or cut spending (which he saw as political suicide) Maduro prints more money
Inflation skyrockets as a result
Corruption  companies leave  exchange  black market  loss of jobs  crime