History Quiz Question 8

Correct!

In the early thirties the Chaco was believed to be a source of oil. Two large oil companies, Standard and Shell, were involved in the exploration. Competition between the Bolivia and Paraguay over oil rights and the oil companies for these potential oil deposits was heated and eventually led to the Chaco War of 1932 - 1935.

Standard Oil backed Bolivia which at that time owned more of the Chaco than it does now. Shell was on Paraguay's side. Even though Bolivia had a large army the highland native soldiers did poorly on the Chaco where the fighting conditions favored the Paraguayan forces. Bolivia suffered heavy losses, in troops pride and land when it lost the war and had to cede 225,00 sq km to Paraguay

No oil was found in the Gran Chaco.

Next question