Caracazo
The Caracazo is the name given to the wave of protests, riots and looting that started on 27 February 1989 in the Venezuelan city of Guarenas, spreading to Caracas and surrounding towns following policy reversals from President Carlos Andrés Pérez. The weeklong clashes resulted in the deaths of hundreds to thousands of people, mostly at the hands of security forces and the military. Protests began mainly in response to the government's acceptance of neoliberal economic reforms promoted by the International Monetary Fund, the institution of austerity policies and the resulting increase in the price of gasoline and transportation.
| Caracazo | |||
|---|---|---|---|
Top, left, right: Venezuelans cheering during the rioting; the looting of stores in Caracas; and police responding to a scene | |||
| Date | 27 February 1989 – 5 March 1989 (6 days) | ||
| Location | |||
| Caused by | Austerity measures | ||
| Methods |
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| Resulted in |
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| Parties | |||
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| Casualties | |||
| Death(s) | 277 (officially) 2,000–5,000 (extraofficially) | ||
| Injuries | 2,000+ | ||
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