
- English
- PDF
- Available on iOS & Android
About this book
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.
Frequently asked questions
- Essential is ideal for learners and professionals who enjoy exploring a wide range of subjects. Access the Essential Library with 800,000+ trusted titles and best-sellers across business, personal growth, and the humanities. Includes unlimited reading time and Standard Read Aloud voice.
- Complete: Perfect for advanced learners and researchers needing full, unrestricted access. Unlock 1.4M+ books across hundreds of subjects, including academic and specialized titles. The Complete Plan also includes advanced features like Premium Read Aloud and Research Assistant.
Please note we cannot support devices running on iOS 13 and Android 7 or earlier. Learn more about using the app.
Information
Table of contents
- COVER Front
- CIP Page
- Table of Contents
- List of Figures and Tables
- Acknowledgments
- Chapter 1: Introduction
- Notes to Chapter 1
- Chapter 2: The Local Becomes Global
- Notes to Chapter 2
- Chapter 3: Usury, Ethnicity, and the Market
- Notes to Chapter 3
- Chapter 4: What Do Notaries Do?
- Notes to Chapter 4
- Chapter 5: Credit the Wife
- Notes to Chapter 5
- Chapter 6: Monopoly, Continuity, and Change
- Notes to Chapter 6
- Chapter 7: Conclusion
- Notes to Chapter 7
- Appendix: Regression Analysis from Chapter 5
- Notes
- Bibliography
- Index
- COVER Back