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The Merchant Elite and the Development of Brazil: The Case of Bahia During the Empire

Published online by Cambridge University Press:  02 January 2018

Eugene W. Ridings Jr.
Eugene W. Ridings Jr.*
Affiliation:
Department of History, Winona State College, Winona, Minnesota
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Extract

Export-import merchants played a central role in the industrialization of Brazil. Many of the Brazilian Empire's noted entrepreneurs began as merchants, including the Barão de Mauá, perhaps the most famous of all, and the noted Bahian industrialist-philanthropist, Luís Tarquínio. Individual merchants served as cadres and furnished capital for early industrialization in both Bahia (Almeida, 1951: 14) and São Paulo (Dean, 1969: 19-33). That export-import merchants would play a prominent role in Brazilian development, particularly during the Empire, was logical. As intermediaries in an economy largely devoted to exporting and importing, merchants occupied a central position in the Empire's economic structure. Brazil's merchant elite was also a natural vehicle for modernizing influences from abroad because of its international trade connections and its cosmopolitan membership. For new enterprises, merchants were one of the few sources of capital and virtually the only source of business expertise.

Type
Research Article
Information
Journal of Interamerican Studies and World Affairs , Volume 15 , Issue 3 , August 1973 , pp. 335 - 354
Copyright
Copyright © University of Miami 1973

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