The Making of a Market is popular PDF and ePub book, written by Juliette Levy in 2012-01-01, it is a fantastic choice for those who relish reading online the History genre. Let's immerse ourselves in this engaging History book by exploring the summary and details provided below. Remember, The Making of a Market can be Read Online from any device for your convenience.
The Making of a Market Book PDF Summary
During the nineteenth century, Yucat&án moved effectively from its colonial past into modernity, transforming from a cattle-ranching and subsistence-farming economy to a booming export-oriented agricultural economy. Yucat&án and its economy grew in response to increasing demand from the United States for henequen, the local cordage fiber. This henequen boom has often been seen as another regional and historical example of overdependence on foreign markets and extortionary local elites. In The Making of a Market, Juliette Levy argues instead that local social and economic dynamics are the root of the region&’s development. She shows how credit markets contributed to the boom before banks (and bank crises) existed and how people borrowed before the creation of institutions designed specifically to lend. As the intermediaries in this lending process, notaries became unwitting catalysts of Yucat&án&’s capitalist transformation. By focusing attention on the notaries&’ role in structuring the mortgage market rather than on formal institutions such as banks, this study challenges the easy compartmentalization of local and global relationships and of economic and social relationships.
Detail Book of The Making of a Market PDF
- Author : Juliette Levy
- Release : 01 January 2012
- Publisher : Penn State Press
- ISBN : 9780271052144
- Genre : History
- Total Page : 176 pages
- Language : English
- PDF File Size : 11,6 Mb
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