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
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Page 84
... formed in São Paulo than had formed since the introduction of the joint - stock format in 1849 . This explosion of business formation gave rise to one of the most important financial institutions in São Paulo's history - the stock and ...
... formed in São Paulo than had formed since the introduction of the joint - stock format in 1849 . This explosion of business formation gave rise to one of the most important financial institutions in São Paulo's history - the stock and ...
Page 154
... formed multiple alliances with non - bank companies through shared members of boards of directors . The turn of the twentieth century brought a change of fortunes for São Paulo banks , as the 1900 bank panic triggered widespread bank ...
... formed multiple alliances with non - bank companies through shared members of boards of directors . The turn of the twentieth century brought a change of fortunes for São Paulo banks , as the 1900 bank panic triggered widespread bank ...
Page 189
... formed , most of them to serve the urban areas which were growing throughout the state . Of these new businesses ... formed , failed , and formed again in the 1890s , a testament to the resonance of the joint - stock format with the ...
... formed , most of them to serve the urban areas which were growing throughout the state . Of these new businesses ... formed , failed , and formed again in the 1890s , a testament to the resonance of the joint - stock format with the ...
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