MARC Record from marc_columbia

LEADER: 03325mam a2200445 a 4500
001 3365210
005 20221020053654.0
008 020227t20022002caua b 001 0 eng
010 $a 2002003103
015 $aGBA2-V2682
020 $a0804742855 (cloth : alk. paper)
035 $a(OCoLC)ocm49249792
035 $9AVC6844CU
035 $a(NNC)3365210
035 $a3365210
040 $aDLC$cDLC$dYDX$dUKM$dOrLoB-B
042 $apcc
043 $an-mx---
050 00 $aHG185.M6$bM38 2002
082 00 $a332/.0972/09034$221
100 1 $aMaurer, Noel.$0http://id.loc.gov/authorities/names/n2002090469
245 14 $aThe power and the money :$bthe Mexican financial system, 1876-1932 /$cNoel Maurer.
260 $aStanford, Calif. :$bStanford University Press,$c[2002], ©2002.
300 $axiv, 250 pages :$billustrations ;$c24 cm.
336 $atext$btxt$2rdacontent
337 $aunmediated$bn$2rdamedia
490 1 $aSocial science history
504 $aIncludes bibliographical references (p. 237-243) and index.
505 00 $g1.$tPolitical Instability and Financial Concentration --$g2.$tStructuring the Credit Market --$g3.$tCentral Banking in Porfirian Mexico --$g4.$tThe Consequences of Credibility --$g5.$tFinancial Capitalism in the Porfiriato --$g6.$tBanks and Industrial Concentration --$g7.$tFinancing a Revolution --$g8.$tReconstructing Confidence.
520 1 $a"Porfirio Diaz's strategy in the 1880s was to create a bank with a legal monopoly over lending to the federal government. Diaz's regime also enforced property rights to give elites tied to powerful local strongmen a stake in the political system. The threat of revolt by these strongmen assured politically connected local elites that the federal government would not attempt to confiscate their wealth.
520 8 $aDiaz's strategy created an inefficient and concentrated banking system that interacted with the politicized nature of property rights in such a way as to produce an extremely concentrated industrial system.".
520 8 $a"The Mexican Revolution (which began in 1910) violently ended the Porfirian regime but failed to alter the basic political and economic calculus. Just as Diaz had done, the leaders who attained power after 1920 selectively enforced property rights. In addition, the government created a hostage: a government-owned commercial bank. If the rules of the game were altered, the capital of the government's bank and its lucrative profits would disappear.
520 8 $aAs a result, despite ongoing violence and political instability, the domestic banking system recovered rapidly during the 1920s. The result was the same as in the Porfiriato: a continuing high level of financial and industrial concentration. This is not to say that the Revolution had no effects - but in the long run, it failed to sever the ties between banks and politics. If anything, the Revolution strengthened them."--BOOK JACKET.
650 0 $aFinance$zMexico$xHistory.
650 0 $aFinancial institutions$zMexico$xHistory.
650 0 $aBanks and banking$zMexico$xHistory.
651 4 $aMexico$xEconomic conditions$y19th century.
651 4 $aMexico$xEconomic conditions$y20th century.
830 0 $aSocial science history.$0http://id.loc.gov/authorities/names/n2001100462
852 00 $bglx$hHG185.M6$iM38 2002