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   ocr: Venezuela was the first off the Spanish imperial colonies to repudiate Madrid's authority under the guidance of the revolutionary, Simon Bolivar, in 1811. 1821 Battle of Carabobo finally overthrows Spanish rule and leads to consolidation ofi independence within Gran Colombia (Venezuela, Colombia and Ecuador). la 1830 Gran Colombia collapses.José Antonio Paez rules venezuela; cottee planters etfectively in control. 1870 Guzman Blanco in power. Attracts foreign investment to build: railroad system. lE 1908 General Juan Vicente Gomez dictator; oversees development of oil: industry. la 1935 Vicent ...