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- Title
THE BRAZILIAN ECONOMY DURING THE OLD REGIME CRISIS (1750-1807).
- Authors
Carrara, Angelo Alves; Menz, Maximiliano Mac; Melo, Felipe Souza; Dominguez, Rodrigo da Costa
- Abstract
While some authors defend the existence of a widespread economic crisis in Brazil during the 18th century, motivated by the fall in the extraction of precious metals, others suggest that the colonial economy maintained a positive performance thanks to the growth of its domestic market. The main goal of this article is to challenge these two explanations, showing that different rhythms of development characterised Brazil's economy in each of its regions. We show that between the 1750s and 1790s, the Amazon region (Maranhão and Pará) experienced uninterrupted growth. Despite some fluctuations, Bahia and Pernambuco showed a tendency towards growth while the centre-south (Rio de Janeiro and Minas Gerais) suffered an economic contraction. We conclude that there was a stagnation in the added value of exports from all regions, whilst simultaneous growth for all territories occurred only after 1790.
- Subjects
PRECIOUS metals; RECESSIONS; SLAVE trade; FINANCIAL crises; RHYTHM
- Publication
Revista de Historia Económica / Journal of Iberian & Latin American Economic History, 2023, Vol 41, Issue 1, p119
- ISSN
0212-6109
- Publication type
Article
- DOI
10.1017/S0212610921000185