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
Results 6-10 of 88
Financial Institutions and Economic Development in São Paulo, Brazil, 1850-1920 Anne G. Hanley. Regardless of the underlying questions they asked, these works all examined the characteristics that contributed to São Paulo's transition ...
... development from the constraint of a community's immediate resources and facilitated the essential mechanism that fosters economic growth and development: the investment in new or better or more productive activities and techniques.12 ...
Financial Institutions and Economic Development in São Paulo, Brazil, 1850-1920 Anne G. Hanley. break down. In this case, something must take the place of the personal relationships. Economic sociology posits that the stress of a rapidly ...
... economic development. Still, the standardization of financial practices that helped expand trade after the sixteenth century had a direct impact on the growth and development of the domestic economy. First, the standardized letters of ...
... economy. 24 This link evolved as merchants developed ties to the domestic ... development.26 Because the wealth of colonial society tended to be tied up ... economic activity was to occur. Merchants extended credit to one another and ...
Contents
Brokers and Business Finance under the Empire | |
The Republican Revolution and the Rise of | |
The Republican Revolution and the Failure | |
Commercial Banking and the Business | |
Conclusions | |
NOTES | |
BIBLIOGRAPHY | |
INDEX | |