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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... border from Rio into the Province of São Paulo, as the state was known under the Empire, where it achieved its fullest expression. Rich red soil, perfect rainfall, and cheap and abundant land attracted planters who had.
... planters who had tried their hand at other crops with varying success. In 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 ...
... planters and 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.
... planter families and reinforced a willingness to diversify proceeds from the coffee business into other channels. It ... planters and lobbied for economic representation and protection that no longer coincided with the interests of their ...
... planters “transform” their coffee wealth into industrial wealth? How was capital mobilized to build the transportation networks and other infrastructure that lined planters' pockets while benefiting the larger regional economy? How did ...
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 | |