Detailed Description

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Title: Hacienda nacional
Creator: Galindo, Aníbal, 1834-1901
Publication Info: Bogotá : Imprenta de Pizano i Pérez, 1859.
Physical Details: 22 p. ; 19 5/10 x 13 7/10
Physical Condition: Poor: wrapper dirty, stained and whole item is dog-eared and frayed, but text is legible.

Summary: Anibal Galindo, a Colombian economist presents here a detailed analysis of the external debt and the fiscal situation of the nation in 1859. He includes the allocation of resources for administrative matters, pensions and other sort of provisions such as the bonds issued to amortize the debt. At the end Galindo suggests potential fiscal solutions for the country’s difficult fiscal condition.
Historical Notes: From 1820 to 1870 Colombia had the highest external debt in Latin America due to the independence war; this was aggravated by the state’s incapacity to promote effective forms of production and commerce. Land expropriated from indigenous communities, the church, and some private owners was sold to the public. Also, the state issued large quantities of bonds redeemable for land to pay its creditors. Until 1880 there was no limit on the amount of land that people could own and creditors could redeem their bonds anywhere within the national territory where public or expropriated lands were available. Some of these bonds were used to pay war veterans for their services or to provide incentives for entrepreneurs willing to build roads and railroads. Jaramillo, Roberto Luis; Meisel Roca, Adolfo 2010 Mas Allá de la Retórica de la Reacción, Análisis Económico de la Desamortización en Colombia, 1861-1888. In Economía Colombiana del Siglo XIX. A. Meisel Roca and M.T. Ramírez, eds. Pp. 283-327. Bogotá: Banco de la República. Torres Sánchez, Fabio; Fazio Vargas, Antonella; López-Uribe, María del Pilar 2010 Conflictos de Tierras, Derechos de Propiedad y Surgimiento de la Economía Exportadora en Colombia, 1850-1925. In Economía Colombiana del Siglo XIX. A. Meisel Roca and M.T. Ramírez, eds. Pp. 245-280. Bogotá: Banco de la República. LeGrand, Catherine 1986 Frontier Expansion and Peasant Protest in Colombia, 1850-1936. Albuquerque: The University of New Mexico Press.
Donor Notes: Galindo, an expert on economic matters, explains the sad state of the New Granada treasury on the eve of negotiations by the Ospina government with the foreign bond-holders. - J.L.H.

Subject(s): Debts, External -- Colombia
Finance, Public -- Colombia
Fiscal policy -- Colombia

Type: Pamphlet
Language: Spanish
Format: JPG
PDF - Color
Donor: Helguera, J. León
Collection: Helguera, J. León Collection
Institution: Vanderbilt University
Accession Number: P01175
Record Number: 212
Islandora ID: islandora:1189