In recent years, Venezuela has begun to crumble and has since then continued its decline. Many of the components that caused Venezuela’s current state are derived from the actions of socialist President Hugo Chavez and his successor Nicolas Maduro. Currently Venezuela is in a political and socioeconomic crisis, the worst in Venezuela’s history and among the worst in the Americas. Prior to the current president, Nicolas Maduro, Hugo Chavez held his position for 14 years with mixed feelings. Hugo Chavez launches ‘Bolivarian Revolution’ shortly after he was elected president in 1998; providing a new constitution, as well as new economic, social and anti-US foreign policies. Chavez established the prospect of “Chavismo”, an ideology based