How many countries comprise the region that includes a country where North Sea oil was discovered in the 1970s?
Economic history of Scotland The economic history of Scotland charts economic development in the history of Scotland from earliest times, through seven centuries as an independent state and following Union with England, three centuries as a country of the United Kingdom. Before 1700 Scotland was a poor rural area, with few natural resources or advantages, remotely located on the periphery of the European world. Outward migration to England, and to North America, was heavy from 1700 well into the 20th century. After 1800 the economy took off, and industrialized rapidly, with textile, coal, iron, railroads, and most famously shipbuilding and banking. Glasgow was the centre of the Scottish economy. After the end of the First World War in 1918, Scotland went into a steady economic decline, shedding thousands of high-paying engineering jobs, and having very high rates of unemployment especially in the 1930s. Wartime demand in the Second World War temporarily reversed the decline, but conditions were difficult in the 1950s and 1960s. The discovery of North Sea oil in the 1970s brought new wealth, and a new cycle of boom and bust, even as the old industrial base had decayed.
Venezuela Venezuela ( ; ] ), officially the Bolivarian Republic of Venezuela (Spanish: "República Bolivariana de Venezuela" ), is a federal republic located on the northern coast of South America. It is bordered by Colombia on the west, Brazil on the south, Guyana on the east, the Dutch Caribbean ABC islands to the north and the islands of Trinidad and Tobago to the north-east. Venezuela covers 916445 sqkm and has over 31 million (31,775,371) people. The country has extremely high biodiversity (ranked 7th in the world's list of nations with the most number of species), with habitats ranging from the Andes Mountains in the west to the Amazon Basin rain-forest in the south, via extensive "llanos" plains and Caribbean coast in the center and the Orinoco River Delta in the east.