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 51
... entrepreneurial drive, and phenomenal industrialization experience all grew out of the 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 ...
... entrepreneurial spirit. Although modern-day Paulistas speak proudly of a distinguished heritage going back four hundred years, most of their ancestors arrived in the eighteenth century and were hardly noble. The majority were ...
... entrepreneurial immigrants came together to generate the industrial base on which the region would build its fortune. Immigrants, principally from Italy, brought with them their knowledge of machinery works and applied this.
... entrepreneurial planter class, first identified in Dean and seconded by virtually every subsequent work, took the lead ... entrepreneurs, responding to the growth in economic activity, marshal the resources to turn an idea for a coffee ...
... entrepreneurs, limited to their personal web of connections to raise funds. They could go to a bank and tap the ... entrepreneur based on past experience with them or based on some shared personal characteristic, such as a family tie or ...
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 | |