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 66
... companies were common enough to get the attention of government regu- lators . The 1860 law , which became known as the " Law of Impediments " due to the short regulatory leash it placed on corporations , spent most of its ten pages ...
... companies were common enough to get the attention of government regu- lators . The 1860 law , which became known as the " Law of Impediments " due to the short regulatory leash it placed on corporations , spent most of its ten pages ...
Page 67
... company . Under the provisions . of the 1882 law , then , it became far easier for the entrepreneur to form a company but far riskier for the investor to invest . Brazil's reluctance to embrace new businesses by way of drafting business ...
... company . Under the provisions . of the 1882 law , then , it became far easier for the entrepreneur to form a company but far riskier for the investor to invest . Brazil's reluctance to embrace new businesses by way of drafting business ...
Page 71
... Corporation and the Broker in São Paulo's Early Economic Modernization The two legislative strands developed in the nineteenth century , company law and brokerage regulation , worked together to create a real possibility of founding ...
... Corporation and the Broker in São Paulo's Early Economic Modernization The two legislative strands developed in the nineteenth century , company law and brokerage regulation , worked together to create a real possibility of founding ...
Contents
Native Capital under the Empire | 24 |
1 | 47 |
Brokers and Business Finance under the Empire | 56 |
Copyright | |
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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