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 41
... Congress Jeffrey Bortz and Stephen Haber, The Mexican Economy, 1870– 1930 Edward Beatty, Institutions and Investment Jeremy Baskes, Indians, Merchants, and Markets NATIVE CAPITAL Financial Institutions and Economic Development in São Paulo,
... Merchants were the greatest beneficiaries of the Church semantics because they were by far the most important financial intermediaries in the early modern period. For centuries, they had worked out ways of accommodating their clients ...
... merchant credit practices were standardized in what has been termed by a leading scholar as “the first financial revolution.”19 The standardization of credit vastly improved the possibilities for trade and exchange on the international ...
... merchants to bring new Portuguese protégés into their business, and secondarily served to cement ties between Brazilian society and merchant capital.25 Similar patterns are found throughout the colonial Mexican merchant community as ...
... merchant credit, petitioned and lent through marriage and business ties, financed the operations of the great sugar mills as well as new activities such as tobacco farming, truck farming, and cattle ranching. Veracruz merchants promoted ...
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 | |