The Making of a Market: Credit, Henequen, and Notaries in Yucatán, 1850-1900
During the nineteenth century, Yucatán moved effectively from its colonial past into modernity, transforming from a cattle-ranching and subsistence-farming economy to a booming export-oriented agricultural economy. Yucatán and its economy grew in response to increasing demand from the United States...
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| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
University Park, PA
Penn State University Press
[2021]
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| Subjects: | |
| Online Access: | DE-1043 DE-1046 DE-858 DE-859 DE-860 DE-739 DE-473 Volltext |
| Summary: | During the nineteenth century, Yucatán moved effectively from its colonial past into modernity, transforming from a cattle-ranching and subsistence-farming economy to a booming export-oriented agricultural economy. Yucatán 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 Yucatán'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 |
| Item Description: | Description based on online resource; title from PDF title page (publisher's Web site, viewed 26. Mai 2021) |
| Physical Description: | 1 Online-Ressource (176 Seiten) |
| ISBN: | 9780271058870 |
Staff View
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| 520 | |a During the nineteenth century, Yucatán moved effectively from its colonial past into modernity, transforming from a cattle-ranching and subsistence-farming economy to a booming export-oriented agricultural economy. Yucatán 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 Yucatán'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 | ||
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| indexdate | 2025-02-19T17:30:44Z |
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| isbn | 9780271058870 |
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| spelling | Levy, Juliette Verfasser aut The Making of a Market Credit, Henequen, and Notaries in Yucatán, 1850-1900 Juliette Levy University Park, PA Penn State University Press [2021] © 2012 1 Online-Ressource (176 Seiten) txt rdacontent c rdamedia cr rdacarrier Description based on online resource; title from PDF title page (publisher's Web site, viewed 26. Mai 2021) During the nineteenth century, Yucatán moved effectively from its colonial past into modernity, transforming from a cattle-ranching and subsistence-farming economy to a booming export-oriented agricultural economy. Yucatán 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 Yucatán'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 In English HISTORY / Latin America / Mexico bisacsh Credit Mexico Yucatán (State) Henequen (Plant) Mexico Yucatán (State) Notaries Mexico Yucatán (State) History 19th century https://www.degruyter.com/isbn/9780271058870 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Levy, Juliette The Making of a Market Credit, Henequen, and Notaries in Yucatán, 1850-1900 HISTORY / Latin America / Mexico bisacsh Credit Mexico Yucatán (State) Henequen (Plant) Mexico Yucatán (State) Notaries Mexico Yucatán (State) History 19th century |
| title | The Making of a Market Credit, Henequen, and Notaries in Yucatán, 1850-1900 |
| title_auth | The Making of a Market Credit, Henequen, and Notaries in Yucatán, 1850-1900 |
| title_exact_search | The Making of a Market Credit, Henequen, and Notaries in Yucatán, 1850-1900 |
| title_exact_search_txtP | The Making of a Market Credit, Henequen, and Notaries in Yucatán, 1850-1900 |
| title_full | The Making of a Market Credit, Henequen, and Notaries in Yucatán, 1850-1900 Juliette Levy |
| title_fullStr | The Making of a Market Credit, Henequen, and Notaries in Yucatán, 1850-1900 Juliette Levy |
| title_full_unstemmed | The Making of a Market Credit, Henequen, and Notaries in Yucatán, 1850-1900 Juliette Levy |
| title_short | The Making of a Market |
| title_sort | the making of a market credit henequen and notaries in yucatan 1850 1900 |
| title_sub | Credit, Henequen, and Notaries in Yucatán, 1850-1900 |
| topic | HISTORY / Latin America / Mexico bisacsh Credit Mexico Yucatán (State) Henequen (Plant) Mexico Yucatán (State) Notaries Mexico Yucatán (State) History 19th century |
| topic_facet | HISTORY / Latin America / Mexico Credit Mexico Yucatán (State) Henequen (Plant) Mexico Yucatán (State) Notaries Mexico Yucatán (State) History 19th century |
| url | https://www.degruyter.com/isbn/9780271058870 |
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