Overview

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 charge in other parts of the world.

Full Product Details

9780804750721

Table of Contents

Reviews

. ..will not doubt stand as the definitive study of banking and business finance in So Paulo before 1920 for many years to come. -- Business History Review

This book will be welcomed not only by Brazilianists and Latin Americanists but also scholars interested in the dynamics of the money market in Brazil's First Republic (1889-1930). Anne Hanley gives a captivating account of bank activities in Sao Paulo between 1850 and 1920 and of the ensuing crises and readjustments in the Republic. -- Hispanic American Historical Review

Author Information

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

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