El Banco de Londres y del Río de la Plata y el negocio azucarero en Tucumán, Argentina (1909–1914)*

José Antonio Sánchez Román

Revista de Historia Económica / Journal of Iberian and Latin American Economic History, 2001, vol. 19, issue 2, 415-447

Abstract: The main aim of this paper is to analyse the policy of the Tucuman's branch of the Bank of London and River Plate before the WWI. The historiography has stated that the Bank of London had a very conservative attitude related to the manufactures and it was more concerned about agro-export business. This policy, followed by all the private banks, and the underdeveloped capital market share the responsibility for the Argentine industrialization failure. However, this is not the whole story. I show in this paper the case of the sugar industry in Tucuman that, circumscribed to the domestic market, obtained important benefits from the Bank of London. This fact was due to the financial boom caused by the increase in exports at the beginning of the century and to the economic, social and ideological realms in Tucuman which led the Bank of London to a policy shift.

Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:cup:reveco:v:19:y:2001:i:02:p:415-447_00

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