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
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... regional economy that both stimulated and reinforced the development process. One of the first books to study the link between coffee and development was Warren Dean's 1969 work, The Industrialization of São Paulo, 1880–1945. In it Dean ...
... regional fortunes Brazil has experienced in the nineteenth century, both to understand São Paulo's development success and to explain other regions' failures.9 Others examined the question of whether a late developer, even a successful ...
... regional transportation network, the development of commercial facilities such as warehouses, and the mastery of simple industrial processes such as toolmaking and cloth weaving to supply the coffee trade.11 A vigorous and ...
... regional products to established fairs and trading cities. In these locations they hammered out rough credit mechanisms that worked around the problems of multiple currencies and the settlement of imbalanced accounts. By the fifteenth ...
... regional development. This book tells the story of the growth, development, and expansion of the financial sector in São Paulo in the period 1850–1920, which demonstrates the clear trend toward increasingly formal intermediation ...
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 | |