Venezuela Claims

Venezuela Claims.

In 1902, due to civil strife and to gross mismanagement during the administration of Cipriano CastroCastro, Cipriano
, 1858?–1924, president of Venezuela (1901–8). In 1899 he usurped the government, overthrowing Andrade. Called the Lion of the Andes by his followers, he was a stern and arbitrary caudillo, who nevertheless improved the country's economy.
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, Venezuelan finances were chaotic. Great Britain, Germany, and Italy were determined to seek redress for unpaid loans and sent a joint naval expedition to the Venezuelan coast; seaports were blockaded and shelled by German and British vessels, and Venezuelan gunboats were captured. The matter was embarrassing to the United States because of the Monroe DoctrineMonroe Doctrine,
principle of American foreign policy enunciated in President James Monroe's message to Congress, Dec. 2, 1823. It initially called for an end to European intervention in the Americas, but it was later extended to justify U.S.
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. The powers, taking a conciliatory step, disclaimed territorial ambitions. Germany in particular had already brought its claims to U.S. attention. Theodore Roosevelt refused a request to act as arbitrator, but the United States worked toward an amicable settlement.

The claims were adjusted at Caracas in 1903, but further complications arose as to whether Venezuela should pay off the debts owed to the blockading powers before settling the claims of neutral nations; in 1904 the Hague Tribunal decided in favor of the blockading powers. The dispute became significant in international law because the scope of the Monroe Doctrine was not extended to include such cases as this; further, the heated resentment of other Spanish-American nations over violation of the sovereignty of one of them resulted in the Drago Doctrine (see under Drago, Luis MaríaDrago, Luis María
, 1859–1921, Argentine statesman, jurist, and writer on international law. As minister of foreign affairs under Julio A. Roca, he dispatched (Dec.
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).

References in periodicals archive ?
CARACAS, Venezuela, Muharram 27, 1437, November 09, 2015, SPA -- Venezuela claims a U.
Although Venezuela claims the world's biggest proven oil reserves, the nation of 30 million is suffering shortages of everything from electricity to auto parts to medical equipment.
Having moved large volumes of extra heavy crude oil into the reserves classification in recent years, Venezuela claims 298 billion bbl.
Venezuela claims that, with paper WTI at "$50 a barrel, a portion of the Orinoco tar sands becomes commercially viable; enough to bring the country's proven reserves up to 312bn barrels".
Venezuela claims that at "$50 [Dh184] a barrel, a portion of the Orinoco tar sands becomes commercially viable; enough to bring the country's proven reserves up to 312 billion barrels".
Summary: A British man arrested at an airport in Venezuela claims he thought he was carrying diamonds not cocaine.
Venezuela claims that the safety restrictions imposed by the FAA are locking its carriers out of the US market.
A dispute between Chile and Peru over a maritime dividing line persists despite a 1999 pact; Guyana and Surinam are fighting over an oil-rich marine area off the Corentyne River that separates the two nations; at least 1,000 Honduran fishermen have been arrested by Nicaragua during the past 10 years over sea rights in the shrimp-rich Gulf of Fonseca; and Venezuela claims Guyana's Florida-sized Essequibo area, home to gold, diamond and timber investments.
Venezuela claims that with paper WTI at "$50 a barrel, a portion of the Orinoco tar sands becomes commercially viable; enough to bring the country's proven reserves up to 312bn barrels".