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
This pattern was disrupted in the nineteenth century by the end of the slave trade and the concurrent swift growth in ... financial institutions , in which much of the nation's wealth was represented by the stock of land and slaves .
This pattern was disrupted in the nineteenth century by the end of the slave trade and the concurrent swift growth in ... financial institutions , in which much of the nation's wealth was represented by the stock of land and slaves .
Page 27
more than 26,000 slaves were imported into the province of Rio de Janeiro from other provinces.11 An additional ... ar- eas of low productivity to areas of high productivity , the internal slave trade was a temporary solution at best .
more than 26,000 slaves were imported into the province of Rio de Janeiro from other provinces.11 An additional ... ar- eas of low productivity to areas of high productivity , the internal slave trade was a temporary solution at best .
Page 217
From Brazil's discovery in the sixteenth century through the end of the slave trade in the nineteenth century , more than three million slaves were im- ported to work in the sugarcane fields in the sixteenth and seventeenth cen- turies ...
From Brazil's discovery in the sixteenth century through the end of the slave trade in the nineteenth century , more than three million slaves were im- ported to work in the sugarcane fields in the sixteenth and seventeenth cen- turies ...
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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 | |
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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