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. |
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... its rightful place in the first world. São Paulo's modern fortune, famed entrepreneurial drive, and phenomenal industrialization experience all grew out of the coffee boom of the late nineteenth century. Coffee had arrived.
... coffee boom of the late nineteenth century. Coffee had arrived in Brazil in the eighteenth century, but was produced on a large scale for export only in the nineteenth. Once international demand proved to be strong, coffee plantations ...
... coffee production well into São Paulo's vast and fertile interior.4 The number of coffee trees that were planted grew fivefold in the last two decades of the nineteenth century. By the turn of the twentieth century, the state of São ...
... coffee was not Brazil's first important export crop nor its last. Sugar before and rubber after both failed to transform their respective regions with the breadth and depth of the coffee economy. The unusual experience of the coffee ...
... coffee beans . The demand for inputs for the coffee business created a segue into industry and eventually created a base for future diversification . By the 1920s , industrialists were a class apart from the planters and lobbied for ...
Contents
1 | |
Brokers and Business Finance under the Empire | |
The Republican Revolution and the Rise of | |
The Republican Revolution and the Failure | |
1 | |
Commercial Banking and the Business | |
TABLE A 4 | |
Conclusions | |
TABLE A 7 | |
NOTES | |
BIBLIOGRAPHY | |
INDEX | |