In the early part of the 20th century, coffee was Brazil’s main export and source of money. The Coffee Palace was where that money was made.
Inaugurated in 1914 in the coastal town of Santos, the Brazilian “Palace of the Official Coffee Stock Exchange” was where the price of these coffee beans was determined. In effect, it was the financial center of Brazil, the coffee version of New York’s Stock Exchange. It remained an active trading floor until 1950.
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