Native Capital: Financial Institutions and Economic Development in São Paulo, Brazil, 1850-1920This book studies the development of banks and stock and bond exchanges in São Paulo, Brazil, during an era of rapid economic diversification. It assesses the contribution of these financial institutions to that diversification, and argues that they played an important role in São Paulo's urbanization and industrialization by the start of the twentieth century. It finds that government regulatory policy was important in limiting and shaping the activities of these institutions, but that pro-development policies did not always have their intended effects. This is the first book on São Paulo's famous industrialization to identify the strong relationship between financial institutions and São Paulo's economic modernization at the turn of the century. It is unique in Brazilian economic history, but contributes to a body of literature on financial systems and economic change in other parts of the world. |
From inside the book
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... Rio de Janeiro, coffee plantations spread ever south and west in search of new fertile soils as world demand grew. In what is now considered a fateful moment in Brazilian economic history, coffee jumped the border from Rio into the ...
... Rio de Janeiro as the industrial leader of Brazil and by 1940 had established the largest industrial base in Latin America.7 In a demonstration of good fortune experienced by almost no other export economy, São Paulo transfigured its ...
... Rio de Janeiro, overshadowed Paulista financiers. Although São Paulo's banking sector was initially formed by a combination of old foreign banks and one Rio-based domestic bank, by the time the coffee boom was in full swing these ...
... Rio de Janeiro from other provinces.11 An additional 32,000 flowed into Rio de Janeiro from the Northeast in the decade between 1874 and 1884, while 41,000 entered São Paulo in the same period. This interregional trade helped São Paulo ...
... Rio de Janeiro as the principal coffee-growing region in the country, established the necessary infrastructure to process the new arrivals and distribute them to the coffee plantations.17 In this manner, more than 800,000 immigrants ...
Contents
Brokers and Business Finance under the Empire | |
The Republican Revolution and the Rise of | |
The Republican Revolution and the Failure | |
Commercial Banking and the Business | |
Conclusions | |
NOTES | |
BIBLIOGRAPHY | |
INDEX | |