Nordhausen the Augustines, Franciscans and Dominicans. Agriculture plays an important role to the present day. Approximately 57% of the municipal territory is in agricultural use. Cereals from the region are used in the making of a famous local spirit, the "Nordhäuser Korn". Historically, sulfuric acid produced by the distillation of green vitriol (iron(II) sulfate) was known as Nordhausen oil of vitriol. The primary industry of Nordhausen is in the production of heavy machinery. The region had a factory for the production of rail engines until 1942. Later the region's plants produced truck motors, augers and excavators. Today, engineering is still the
History of the Venezuelan oil industry in Venezuela has suffered from a poor oil market and Venezuela’s insufficient funding of the industry. Venezuela’s nationalistic oil policies have not succeeded in making them more independent from their oil customers. In 2016, the United States imported 291,461,000 barrels of oils from Venezuela, an amount consistent with imports in the five years prior. To assuage the oil price decline which began back in June 2014 and continues through to today, President Maduro printed more currency, resulting in inflation as high as 700% of what the inflation rate was in 2014.. The Economic policy of the Nicolás Maduro administration did