Encilhamento
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Encilhamento
The Encilhamento was an economic bubble that boomed in the late 1880s and early 1890s in Brazil, bursting during the early years of the First Brazilian Republic (1889–1894) and leading to an institutional and a financial crisis. Two Finance Ministers, first the Viscount of Ouro Preto and then Ruy Barbosa, adopted a policy of unrestricted credit for industrial investments, backed by an abundant issuance of money, in order to encourage Brazil's industrialization. This policy of economic incentives created unbridled speculation and increased inflation, and encouraged fraudulent initial public offerings (IPOs) and takeovers. The name The word "encilhamento", literally "''saddling-up''", the act of girthing or mounting a horse, was a term borrowed from horse racing and used to refer to the speculative practice of seizing get-rich-quick opportunities whenever they unfold, in an analogy based on the popular Brazilian saying "An unmounted saddled horse doesn't appear twice." ...
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Ruy Barbosa
Ruy Barbosa de Oliveira (5 November 1849 – 1 March 1923), also known as Rui Barbosa, was a Brazilian polymath, diplomat, writer, jurist, and politician. Born in Salvador, Bahia, and a distinguished and staunch defender of civil liberties and the abolition of slavery in Brazil, Barbosa would go on to represent Brazil in the second Hague convention, argued for Brazil's participation in World War I on the side of the Allies, and personally ordered the destruction of all government records pertaining to slavery while he was Minister of Finance. He was forced into exile during the presidency of Floriano Peixoto, as his economic policies while he was finance minister paved the way for a disaster in the Brazilian economy. After exile, Barbosa would run an extremely memorable campaign for the presidency, though ultimately failed. Early life Rui Barbosa gave his first public speech for the abolition of slavery when he was 19. For the rest of his life he remained an uncompromising ...
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Ruy Barbosa Tentando Equilibrar As Finanças
Ruy may refer to: Arts and Entertainment *Ruy, the Little Cid, Spanish animated television series *Ruy Blas, a character in the eponymous tragic drama by Victor Hugo People *another form of Rui, a Portuguese male given name *another form of the Spanish male given name Rodrigo *Ruy López de Segura (1530-1580), Spanish chess player *Ruy Ramos (born 1957), Japanese footballer *Ruy (footballer) (born 1989), Brazilian footballer Places *Ruy, Isère, a commune in France *Ruy, Iran, a city in Iran *Ruy Special Town, a village in Iran *Ruy Mountain Ruy ( bg, Руй) or Ruj ( sr-Cyrl, Руј), is a mountain on the border of western Bulgaria and southeastern Serbia. Its eponymous highest peak rises 1,706 meters above sea level. The mountain is located west of Tran and is part of the Ruy-Veril ..., a mountain on the border of Bulgaria and Serbia Other uses * Ruy Lopez, a chess opening named after the Spanish chess player {{disamb, geo ...
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Ignacy Sachs
Ignacy Sachs (Warsaw, 1927) is a Polish-born French economist. He is considered to be an ''ecosocioeconomist'' for his ideas about development as a combination of economic growth, equalitarian increase in social well-being and environmental preservation. The term ''ecosocioeconomy'' was created by Karl William Kapp, a German economist and one of the authors who inspired the so-called political economy during the 1970s. Professor Sachs taught at Paris XII University. Now Sachs is an invited researcher in the Institut of Advanced Studies in University of São Paulo - he lived in Brazil between 1941 and 1953 as a war refugee. He was one of the rare Jews who have returned to Poland (before his move to France) after the World War II; he did it due to his communist convictions."Caminhos para o desenvolvimento sustentável", Ignacy Sachs, Rio de Janeiro, Garamond, 2002, p. 20-21 Biography Works published in Brazil and about Brazil *''Capitalismo de Estado e Subdesenvolvimento: Padrà ...
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Elsevier
Elsevier () is a Dutch academic publishing company specializing in scientific, technical, and medical content. Its products include journals such as ''The Lancet'', ''Cell'', the ScienceDirect collection of electronic journals, '' Trends'', the '' Current Opinion'' series, the online citation database Scopus, the SciVal tool for measuring research performance, the ClinicalKey search engine for clinicians, and the ClinicalPath evidence-based cancer care service. Elsevier's products and services also include digital tools for data management, instruction, research analytics and assessment. Elsevier is part of the RELX Group (known until 2015 as Reed Elsevier), a publicly traded company. According to RELX reports, in 2021 Elsevier published more than 600,000 articles annually in over 2,700 journals; as of 2018 its archives contained over 17 million documents and 40,000 e-books, with over one billion annual downloads. Researchers have criticized Elsevier for its high profit marg ...
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Oligopoly
An oligopoly (from Greek ὀλίγος, ''oligos'' "few" and πωλεῖν, ''polein'' "to sell") is a market structure in which a market or industry is dominated by a small number of large sellers or producers. Oligopolies often result from the desire to maximize profits, which can lead to collusion between companies. This reduces competition, increases prices for consumers, and lowers wages for employees. Many industries have been cited as oligopolistic, including civil aviation, electricity providers, the telecommunications sector, Rail freight markets, food processing, funeral services, sugar refining, beer making, pulp and paper making, and automobile manufacturing. Most countries have laws outlawing anti-competitive behavior. EU competition law prohibits anti-competitive practices such as price-fixing and manipulating market supply and trade among competitors. In the US, the United States Department of Justice Antitrust Division and the Federal Trade Commission are ...
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Yale University Press
Yale University Press is the university press of Yale University. It was founded in 1908 by George Parmly Day, and became an official department of Yale University in 1961, but it remains financially and operationally autonomous. , Yale University Press publishes approximately 300 new hardcover and 150 new paperback books annually and has a backlist of about 5,000 books in print. Its books have won five National Book Awards, two National Book Critics Circle Awards and eight Pulitzer Prizes. The press maintains offices in New Haven, Connecticut and London, England. Yale is the only American university press with a full-scale publishing operation in Europe. It was a co-founder of the distributor TriLiteral LLC with MIT Press and Harvard University Press. TriLiteral was sold to LSC Communications in 2018. Series and publishing programs Yale Series of Younger Poets Since its inception in 1919, the Yale Series of Younger Poets Competition has published the first collection of ...
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Immigration To Brazil
Immigration to Brazil is the movement to Brazil of foreign peoples to reside permanently. It should not be confused with the colonization of the country by the Portuguese, or with the forcible bringing of people from Africa as slaves. Latin Europe accounted for four-fifths of the arrivals (1.8 million Portuguese, 1.5 million Italians, and 700,000 Spaniards). This engendered a strikingly multicultural society. Yet over a few generations, Brazil absorbed these new populations in a manner that resembles the experience of the rest of the New World. Throughout its history, Brazil has always been a recipient of immigrants, but this began to gain importance in the late 19th century and throughout the 20th century when the country received massive immigration from Europe, the Middle East, and Japan, which left lasting marks on demography, culture, language and the economy of Brazil. In general, it is considered that people who entered Brazil up to 1822, the year of independence, w ...
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Banking
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ...
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Irineu Evangelista De Sousa, Viscount Of Mauá
Irineu Evangelista de Sousa (), the Viscount of Mauá (28 December 1813 – 21 October 1889), was a Brazilian entrepreneur, industrialist, banker and politician. Born to a family of small '' estancieiros'' (ranchers), Sousa became one of the world's richest men; by 1867, his wealth was larger than the annual budget of the Brazilian Empire. He was called ''the Rothschild of the South American continent'' by the New York Times in 1871. He received the titles of baron (1854) and ''visconde com grandeza'' ( viscount with greatness) (1874) of Mauá. A pioneer in several areas of the economy of Brazil, one of his greatest achievements was to start the construction of the , the first railroad in Brazil, in 1852. At his peak, Sousa controlled eight of the country's ten largest companies (the remaining two were state-owned); his banking interests stretched over to Britain, France, the United States and Argentina. Mauá also founded the first bank in Uruguay (Banco Mauá y Cia). Sousa, ...
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Atlantic Slave Trade
The Atlantic slave trade, transatlantic slave trade, or Euro-American slave trade involved the transportation by slave traders of enslaved African people, mainly to the Americas. The slave trade regularly used the triangular trade route and its Middle Passage, and existed from the 16th to the 19th centuries. The vast majority of those who were transported in the transatlantic slave trade were people from Central and West Africa that had been sold by other West Africans to Western European slave traders,Thornton, p. 112. while others had been captured directly by the slave traders in coastal raids; Europeans gathered and imprisoned the enslaved at forts on the African coast and then brought them to the Americas. Except for the Portuguese, European slave traders generally did not participate in the raids because life expectancy for Europeans in sub-Saharan Africa was less than one year during the period of the slave trade (which was prior to the widespread availability of quini ...
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Financial Capital
Financial capital (also simply known as capital or equity in finance, accounting and economics) is any economic resource measured in terms of money used by entrepreneurs and businesses to buy what they need to make their products or to provide their services to the sector of the economy upon which their operation is based, ''e.g.'', retail, corporate, investment banking, etc. In other words, financial capital is internal retained earnings generated by the entity or funds provided by lenders (and investors) to businesses in order to purchase real capital equipment or services for producing new goods and/or services. In contrast, real capital (or economic capital) comprises physical goods that assist in the production of other goods and services, e.g. shovels for gravediggers, sewing machines for tailors, or machinery and tooling for factories. IFRS concepts of capital maintenance ''Financial capital'' generally refers to saved-up financial wealth, especially that used in or ...
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Industrialization
Industrialisation ( alternatively spelled industrialization) is the period of social and economic change that transforms a human group from an agrarian society into an industrial society. This involves an extensive re-organisation of an economy for the purpose of manufacturing. Historically industrialization is associated with increase of polluting industries heavily dependent on fossil fuels. With the increasing focus on sustainable development and green industrial policy practices, industrialization increasingly includes technological leapfrogging, with direct investment in more advanced, cleaner technologies. The reorganization of the economy has many unintended consequences both economically and socially. As industrial workers' incomes rise, markets for consumer goods and services of all kinds tend to expand and provide a further stimulus to industrial investment and economic growth. Moreover, family structures tend to shift as extended families tend to no longer live ...
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