Transport in Nineteenth-Century Brazil -- Railroad policy, finance, and expansion -- The direct gains from railroad freight services -- Railroad passenger benefits -- Railroads and Brazilian economic structure -- Dividing the surplus : subsidies, regulation, and profits

In 1800, the per capita income of the United States was twice that of Mexico and roughly the same as Brazil’s. By 1913, it was four times greater than Mexico’s and seven times greater than Brazil’s. This volume seeks to explain the nineteenth-century lag in Latin American economic...