Brazil: Out of Chaos, Order

Ever since the 19th century days of Emperor Dom Pedro II, the Brazilian stock market has been a scene of chaos. The coun try's major stock exchange in Rio de Janeiro has been presided over by a closed group of 40 brokers who passed their seats on the bolsa down through their families, collected such lucrative commis sions on currency-exchange transactions that they have had little incentive to push stock purchases. Long confined to only two hours a day, the trading sessions usually took place amid such bedlam that little serious business...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!