1 - 6 of 6 Chapters
[In 1850, Pedro II was in the tenth year of his rule over the Brazilian Empire, a rule that would extend up to November 1889, comprising the Second Reign (1840–89). (The First Reign, under his father, Pedro I, lasted from Independence, in 1822, until his abdication in 1831. In between the two...
[This chapter covers the main events in Brazil’s monetary and banking history between 1850 and 1860. It starts with the abolition of the slave trade and the ensuing freeing up of capital, which was ultimately recycled by an incipient banking system consisting of deposit and discount banks that...
[Between 1860 and 1866, monetary and banking policy in Brazil went through multiple changes. Starting with the 1860 Law of Impediments (Law 1083) and accompanying legislation, the government instituted a timetable for issuing banks to resume convertibility of their notes exclusively into gold....
[The chapter analyzes monetary and banking policy in Brazil between 1866 and 1889, a period when the Treasury exercised a monopoly of note issues. Initially—and amid the demands on the imperial budget stemming from the war with Paraguay—issues of paper money were made in conjunction with the...
[The chapter analyzes the main contours of monetary and banking policy over the whole 1850–89 period. It starts by discussing the limits to the most widely used monetary data for the period, provided by Peláez and Suzigan’s 1976 book. Specie and liabilities (deposits and vales) of the...
[Detailed examination of Brazil’s monetary and banking history between 1850 and 1889 has allowed for a number of points of historical fact to be clarified. Additionally, it has shed light on the nature of State-society relations during the Second Reign.]
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