Graneries (pósitos): a source of finance for Spain´s small farmers, 1900-1950.”

Abstract: Under the Ancien Régime in Spain local granaries (in Spanish, pósitos) acted as welfare institutions designed to help small farmers in times of crisis. During the first third of the twentieth century they were subject to an intense reorganisation in Spain and this transformed them into the only microfinance institution to which a significant part of the…

Flexibility in the Spanish Company Law, 1885-1936

ABSTRACT The Spanish business code allowed firms two types of organizational flexibility in the late 19th and early 20th century. Firms enjoyed great leeway in adapting rules to their needs. The corporation was especially flexible in this way. Spanish law also allowed firms to in effect crea- te their own legal form. Until 1920, firms…