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 42
... textile production by needing millions upon millions of jute sacks for the beans, and stimulated infrastructure investment throughout the state. By 1920, São Paulo had surpassed Rio de Janeiro as the industrial leader of Brazil and by ...
... textile firms that wove rough sacks to ship the coffee beans. The demand for inputs for the coffee business created a segue into industry and eventually created a base for future diversification. By the 1920s, industrialists were a ...
... textile manufacturing facilities, to both profit from the expanded chain of transactions and to protect their assets from overexposure to the vagaries of weather and soil conditions. São Paulo emerged from this scholarly flurry as the ...
... textile obrajes that benefited from it produced enough cotton goods to rival the volume of European textiles imports in the nineteenth century.29 Other domestic entrepreneurs, from bakers to silversmiths, depended on the extension of ...
... textile mill and making money within the twelve–month time horizon of a commercial loan would be slim. Longer-term loans were required for the types of businesses associated with the Industrial Revolution. This demand sparked the ...
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 | |