Betancourt supported the nationalization of which natural resource?
Gold
Iron Ore
Bauxite
Petroleum
Answer
Petroleum, a crucial natural resource, gained significant support for nationalization from Betancourt. This move aimed to assert greater control over the country's natural wealth, ensuring that its exploitation benefits the nation and its citizens. Nationalizing petroleum resources allowed Venezuela to exercise sovereignty over its economy, manage production and distribution more effectively, and capture a larger share of the profits generated from this valuable asset.
The Political Legacy of Rómulo Betancourt: A Journey Through Venezuelan History
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