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Economy of Ribeirao Preto

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After the New York Stock Exchange crash of 1929 the economy of Ribeirão Preto, based on a single export crop, collapsed, and the city had to adapt to a new situation. Since the city is relatively far from other major Brazilian urban centers, it found a new economic vocation in the services and commercial sector, which was developed to attend the local and regional demands.

The second economic boom in the history of Ribeirão Preto occurred after the oil crisis (1973 and 1979) of the 1970s. The increase in the oil price obliged Brazil to look for alternative means of fueling and the solution found was the

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