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 26
... Brazilian government to face up to the demand for banks . The effect did not follow immediately on the heels of the cause , but the impe- tus , in hindsight , was profound . Pressured by the British to outlaw the importation of slaves ...
... Brazilian government to face up to the demand for banks . The effect did not follow immediately on the heels of the cause , but the impe- tus , in hindsight , was profound . Pressured by the British to outlaw the importation of slaves ...
Page 49
... Brazilian economy . This the- ory was echoed by Richard Graham , who postulated that British capital and technology were responsible for the modernization of the Brazilian economy . While these arguments are thirty - five years old ...
... Brazilian economy . This the- ory was echoed by Richard Graham , who postulated that British capital and technology were responsible for the modernization of the Brazilian economy . While these arguments are thirty - five years old ...
Page 217
... Brazil's most important export from the 1830s through the balance of the nineteenth century , while sugar's predominant trend was one of decline . 7. The pressure exerted by the British government took the form of the in- vasion of ...
... Brazil's most important export from the 1830s through the balance of the nineteenth century , while sugar's predominant trend was one of decline . 7. The pressure exerted by the British government took the form of the in- vasion of ...
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