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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Page 97
... Bolsa by Sector , 1886-1905 1886-87 1890-91 1896 1898 1900 1902 1905 Stocks ( 1886 ) Banking Railroads Public services Manufacturing , real estate , and other ... Bolsa 97 Companies Quoted on the São Paulo Bolsa by Sector, 1886-1905.
... Bolsa by Sector , 1886-1905 1886-87 1890-91 1896 1898 1900 1902 1905 Stocks ( 1886 ) Banking Railroads Public services Manufacturing , real estate , and other ... Bolsa 97 Companies Quoted on the São Paulo Bolsa by Sector, 1886-1905.
Page 104
... Bolsa.83 In 1919 , the publicly traded industrial companies still comprised just 3.1 percent of all industrial companies but now represented 52 percent of all industrial capi- tal invested in São Paulo.8 84 That 3 percent of industrial ...
... Bolsa.83 In 1919 , the publicly traded industrial companies still comprised just 3.1 percent of all industrial companies but now represented 52 percent of all industrial capi- tal invested in São Paulo.8 84 That 3 percent of industrial ...
Page 112
... Bolsa was critical in funding the very large ones that might not have oth- erwise been formed . Most importantly , these very large companies survived the market contraction after 1913 and were still listed on the Bolsa decades later ...
... Bolsa was critical in funding the very large ones that might not have oth- erwise been formed . Most importantly , these very large companies survived the market contraction after 1913 and were still listed on the Bolsa decades later ...
Contents
Native Capital under the Empire | 24 |
1 | 47 |
Brokers and Business Finance under the Empire | 56 |
Copyright | |
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Common terms and phrases
agricultural Antônio Araraquara balance sheets Banco Comercial Banco da Lavoura Banco de Crédito Banco de Santos Banco do Brasil Banco do Comércio Banco Mercantil Banco União bank's banking sector Brazil brokers business formation capital market Chapter coffee coffee production Comércio e Indústria commercial banks contos Correio Paulistano Crédito Real Decree deposits Diário Popular directors discounts dividends domestic banks economic development Encilhamento entrepreneurs Estado Estrada de Ferro exchange expansion export financial institutions firms foreign banks formed funds government bonds growth important intermediaries investors issue Ituana joint-stock companies Leis e Decretos lending liquidity loans Mercantil de Santos merchant million mil-réis Mogiana mortgage bank nineteenth century nomic operations Paulista Paulo banks Paulo Bolsa Paulo economy percent period Piracicaba planters portfolio profits province railroads Relatórios Ribeirão Preto Rio de Janeiro Saes São Carlos shareholders shares short-term credit slave sources stock and bond Table textile trade Triner universal banks urban