First presidency of Carlos Andrés Pérez

The first presidency of Carlos Andrés Pérez (from 1974 to 1979) coincided with the oil boom of 1974, which saw Venezuela's economy prosper. Carlos Andrés Pérez launched a program of rapid modernization. His first presidency also saw the nationalization of the oil industry. He regained the presidency in 1988 (Second Presidency of Carlos Andrés Pérez).

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