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
... coffee boom of the late nineteenth century. Coffee had arrived in Brazil in the eighteenth century, but was produced ... production by the turn of the twentieth century. As late as 1880, however, this region showed no signs that it ...
... coffee production for the first time by connecting hinterland to port. This new line, and the domestic railroad development it spurred, acted as a great stimulus to commercial agricultural production by extending the viable frontier for ...
... coffee, and as the principal labor force shifted from non-wage slaves to wage-earning immigrants, tension between ... production for internal consumption existed to support the urban centers , primarily agricultural in nature , but the.
... coffee and the demise of the slave trade introduced a problematic set of circumstances to the Brazilian economy. Planters required labor to expand the coffee plantations enough to keep up with world demand. Coffee production doubled ...
... coffee trade and the introduction of a wage-earning class into the economy had a common effect: both increased the ... production, the expansion of the coffee trade also generated new capital requirements to improve the physical ...
Contents
1 | |
Brokers and Business Finance under the Empire | |
The Republican Revolution and the Rise of | |
The Republican Revolution and the Failure | |
1 | |
Commercial Banking and the Business | |
TABLE A 4 | |
Conclusions | |
TABLE A 7 | |
NOTES | |
BIBLIOGRAPHY | |
INDEX | |