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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... planters cultivating less productive lands would have had reason to diversify their investments to attain a better return, “thus transforming coffee capital into industrial capital.”58 These notable works gave scarce attention to the ...
... planter ties of the pre-banking days when financiers and planters were drawn from the same class, even from the same families. Planter-financiers and planterentrepreneurs were now engaging in commercial and industrial business ...
... compatriots. The existing trade in coffee at midcentury took place via middleman and mule train, both of which were to experience significant changes. The middleman, known as the comissário, provided the financial link between planter and.
... this point, however, almost 500,000 new slaves had been brought into the country.7 The rise of coffee and the demise of the slave trade introduced a problematic set of circumstances to the Brazilian economy. Planters.
... Planters required labor to expand the coffee plantations enough to keep up with world demand. Coffee production ... planting in the late 1860s and early 1870s, from just 80,000 in 1864 to 175,000 in 1874, but could only help to stem the ...
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 | |