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 92
... policies intended to strictly curtail the banking sector , to weed out inefficient agri- cultural producers ( blamed for the crisis of overproduction ) , and to substan- tially compress domestic industry.43 Several important measures ...
... policies intended to strictly curtail the banking sector , to weed out inefficient agri- cultural producers ( blamed for the crisis of overproduction ) , and to substan- tially compress domestic industry.43 Several important measures ...
Page 150
... policies like protective tariffs that would discourage in- ternational trade.97 There were interludes , however , when policymakers ar- gued for the importance of developing the internal economy . In these interludes , tariff policies ...
... policies like protective tariffs that would discourage in- ternational trade.97 There were interludes , however , when policymakers ar- gued for the importance of developing the internal economy . In these interludes , tariff policies ...
Page 191
... policies to enable it to meet its foreign debt obligations . Pragmatism more than ideology drove the devastating policies of the Murt- inho ministry , but Murtinho's antipathy toward domestic endeavors was un- mistakable . Even these ...
... policies to enable it to meet its foreign debt obligations . Pragmatism more than ideology drove the devastating policies of the Murt- inho ministry , but Murtinho's antipathy toward domestic endeavors was un- mistakable . Even these ...
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