He was the one who named the region Venezuela because it reminded him of the buildings in Venice. The Spanish had started to settle in Venezuela in 1520. In 1528, Charles V of Spain gave the part of Venezuela that lied between Cape Vela and Maracapana to the Weslers, Bavarian bankers to whom he owed money to...
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The Weslers were to fill and develop the region as part of the arrangement with Charles V. They were also to set up establishments to live. Instead, their representatives enslaved the Native Americans of the area and so demoralized the European settlers that in 1546 the Spanish government revoked the grant and reassumed control...
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