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 53
... 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.
... province of São Paulo was relatively poor. The inauguration of the Santos-Jundiaí Railroad in 1867 opened up the Paulista West to large-scale coffee production for the first time by connecting hinterland to port. This new line, and the ...
... province of São Paulo to illustrate when, how, and why this corner of Brazil developed formal financial institutions.1 It does this by examining the legal environment and the economic conditions that gave rise to them. Their evolution ...
... province of Rio de Janeiro from other provinces.11 An additional 32,000 flowed into Rio de Janeiro from the Northeast in the decade between 1874 and 1884, while 41,000 entered São Paulo in the same period. This interregional trade ...
... province of São Paulo, was the importation of wage laborers from southern Europe. One important planter, Nicolau Vergueiro, had experimented with European workers as early as mid-century, but it was not until the 1870s that a formal ...
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 | |