The financial crisis of abolition / John Schulz.

Format:

Book

Author/Creator:

Schulz, John, 1947-

Standardized Title:

Crise financeira da abolicao, 1875-1901. English

Language:

English

Portuguese

Subjects (All):

Finance--Brazil--History--19th century.

Finance.

Enslaved persons--Emancipation--Economic aspects--Brazil.

Enslaved persons.

Physical Description:

1 online resource (1 online resource (xiv, 193 p.))

Edition:

1st ed.

Place of Publication:

New Haven : Yale University Press, c2008.

Language Note:

English

Summary:

From 1850 to 1914, Brazil enjoyed a long period of political and financial stability that was interrupted just once. During this rupture, 1889-1894, the country suffered two successful coups-d'etat, military government, civil war, and a disastrous decline in the value of the national currency. The five years of disorder and crisis came in the wake of the nation's abolition of slavery and related financial repercussions. This book examines Brazil's crisis years, for the first time setting post-slavery financial decisions within their international and local historical contexts. Arguing against the "European dependency" interpretation of Brazil's history, John Schulz explains how planters' demands for easy credit after abolition were met with shortsighted economic policies. The failure of the expansionary monetary policy of the 1890's not only illuminates Brazil's history, it also suggests lessons relevant to financial and political decisions being made today.

Contents:

Interests of the elite

The international financial system

Credit and crises, 1850 to 1875

Coffee planters

Abolition

The Encilhamento

Orthodox reaction : the unsuccessful phases

Stabilization

Reflections on inflation.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Includes bibliographical references and index.

ISBN:

9786612352867

9781282352865

1282352865

9780300150490

0300150490

OCLC:

586143226