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
Results 1-5 of 89
... 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 they found their fortune. Expanding demand in the European market, demand fueled by rapid urbanization and rising incomes, meant that Brazil could sell all it planted. With no real competition from anywhere else in the world, São ...
... Coffee, then, generated both wealth and development. A central question in Brazil's economic history is how São Paulo came to industrialize so quickly and dominate so thoroughly the Brazilian economy. After all, coffee was not Brazil's ...
... coffee business into other channels. It is notable that the majority of these channels related directly to the coffee business, such as metalworking and machinery companies that produced agricultural implements, chemicals firms that ...
... coffee and industry was responsible for São Paulo's development, it placed little emphasis on the institutional mechanisms that allowed a link to form in the first place. How, for example, did planters “transform” their coffee wealth ...
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 | |