Native Capital

by HANLEY, ANNE G.

• ISBN13: 9780804750721
• ISBN10: 0804750726
• Format: Hardcover
• Copyright: 2005-09-30
• Publisher: Stanford Univ Pr

Summary

This book studies the development of banks and stock and bond exchanges in Sao 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 Sao 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 Sao Paulo's famous industrialization to identify the strong relationship between financial institutions and Sao 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.

Author Biography

Anne Hanley is Assistant Professor of History at Northern Illinois University.

Table of Contents

List of Tables and Figures	ix
Notes on Conventions	xiii
Acknowledgments	xv
Capital Markets and Economic Development	1	(23)
Native Capital under the Empire	24	(32)
Brokers and Business Finance under the Empire	56	(28)
The Republican Revolution and the Rise of the Bolsa	84	(30)
The Republican Revolution and the Failure of Universal Banking	114	(39)
Commercial Banking and the Business of Development	153	(34)
Conclusions	187	(8)
Appendix: Profits	195	(16)
Notes	211	(52)
Bibliography	263	(16)
Index	279