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 11
First and foremost among the benefits was the fact that they created a market much larger than the kin group , neighborhood , or village that had been the effective pool of savings for domestic personal intermediaries , and they created ...
First and foremost among the benefits was the fact that they created a market much larger than the kin group , neighborhood , or village that had been the effective pool of savings for domestic personal intermediaries , and they created ...
Page 20
Choosing to err on the side of caution , the legislators created the provisions for the formation of joint - stock companies , the equivalent of the modern corporation , but saddled investors with such extraordinary liability that few ...
Choosing to err on the side of caution , the legislators created the provisions for the formation of joint - stock companies , the equivalent of the modern corporation , but saddled investors with such extraordinary liability that few ...
Page 192
By creating a net- work of professional connections through interlocking directorates , they acquired information and ... with other banks and , ultimately , branch net- works of their own , they created a seamless regional market .
By creating a net- work of professional connections through interlocking directorates , they acquired information and ... with other banks and , ultimately , branch net- works of their own , they created a seamless regional market .
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Contents
Native Capital under the Empire | 24 |
Brokers and Business Finance under the Empire | 56 |
The Republican Revolution and the Rise of the Bolsa | 84 |
Copyright | |
6 other sections not shown
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Common terms and phrases
accounts activities addition agricultural assets balance Banco de Crédito Banco União Bolsa bonds boom Brazil Brazilian brokers capital capital market Chapter coffee commercial banks Companhia companies Correio Paulistano created Crédito Real demand deposits directors domestic domestic banks early earning economic entrepreneurs equity established Estado example exchange expansion export firms foreign foreign banks formation formed founded funds growth History important included industrial institutions interest investment investors issue January joint-stock companies legislation lending limited lines liquidity listed loans long-term merchant mil-réis million mortgage needed nineteenth century notes offered operations paid Paulista Paulo percent period planters policies portfolio Press production profits railroads raised regional returns Rio de Janeiro Santos São Paulo sector shareholders shares short-term shows slave sources Table term textile trade turn types universal banks urban
Bibliographic information
| Title | Native Capital: Financial Institutions and Economic Development in São Paulo, Brazil, 1850-1920 Volume 42 of Social Science History |
| Author | Anne Hanley |
| Edition | illustrated |
| Publisher | Stanford University Press, 2005 |
| Original from | University of Texas |
| Digitized | 22 May 2008 |
| ISBN | 0804750726, 9780804750721 |
| Length | 286 pages |
| Subjects | › › Business & Economics / Economic History History / General History / Latin America / South America Social Science / Anthropology / Cultural & Social |
| Export Citation | BiBTeX EndNote RefMan |