The Financial Crisis of Abolition

"A clear and very well-written narrative of Brazilian financial history during an important period."—Zephyr Frank, Stanford University

~Zephyr Frank

“This is the best researched and thought-out study of the financial policies of the Brazilian government from the 1870s to 1900. John Schulz has a deep understanding of both Brazilian history and banking.”­—Steven Topik, University of California, Irvine

~Steven Topik

“Through a careful and penetrating analysis of Brazil's credit, monetary and trade policies, Schulz reveals the key to Brazilian stability in the nineteenth century and to the continued predominance of its political and economic elites. We too often forget that slavery was an economic as well as a social system, and Schulz's book better than any modern study shows the economic effects of abolition and the transition to free labor in the new Brazilian Republic. This is a fundamental study that provides the economic background to the politics of Brazil’s transition from monarchy to republic.”—Stuart Schwartz, Yale University 

~Stuart Schwartz