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ABSTRACTS IN ECONOMIC HISTORY
(c) 2001 EH.Net
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Name: Paola Avallone
Email: avallone@isem.na.cnr.it
Institution: Italian National Council of Research (CNR)
Co-author: none
Title: Primitive Forms of Agrarian Credit: "Monti Frumentari"
in the Kingdom of Naples
Internet Address of abstracted work: not available
By mail:
Institute of Economic History of Southern Italy (ISEM)
Via Campegna, 135
80124 - Napoli (Italy)
Phone: +39-081-5794725
Fax: +39-081-5799467
Language: English or Italian
Abstract:
In ancient regime southern Italy, the peasant classes were heavily
conditioned by the scarcity of currency. The lack of credit
institutions in the provinces and the distance from the Capital,
where the currency "stagnated," placed the peasants before the only
possibility they had to find money: the systematic resort to the
usury. In order to restrain this plague some individuals and the
Church founded the "Monti frumentari." I will analyze through an
historical excursus of these institutions: their organization,
geographic position, involution in the second half of the XVIIIth
century; the differences with other kinds of credit to agriculture;
the useless state intervention with the founding of the "Monte
Frumentario del Regno" and the funding modalities of this
institution; its failure and the revival of the "Monti frumentari" in
the first half of the XIXth century, the role of these institutions
in promoting or hindering the development of agricultural sector.
Bibliography: Avallone, P. "Primitive Forms of Agrarian Credit:
'Monti Frumentari' in the
Kingdom of Naples." Naples, ISEM-CNR, Working Paper, 2001.
Subject: A,H,I
Geographical Area: 4
Country/Region: Italy, Southern Italy
Time Period: 5,6,7
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