Venezuelan Chronology: 1999 New Constitution and Bolivarian Revolution

The adoption of a new constitution in 1999 and the launch of the Bolivarian Revolution further consolidated Chávez’s power and led to the implementation of policies that ultimately were proved unsustainable. Venezuelans voted for granting Chávez sweeping powers and a more balanced approach to economic and social reforms. But these policies contributed to the country’s economic decline.

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