In the 20th century, large companies were formed in the department of Antioquia, for example: Coltejer (textile), Victoria (cigarettes), Antioquia brewery, Tamayo brewery, Posada Tobón beverages (later Postobón), Autotax (public transport) and the Municipal Public Companies (mother of EPM).
WHAT ALLOWED THIS?
TRANSPORT
ARRIEROS:
- The routes were the greatest sin of trade, they were precarious according to Juan Antonio Mon y Velarde.
- He set out to improve them and succeeded.
- This is how the muleteering (arrieria)appeared.
- Muleteering was an incredibly popular profession in Antioquia that would amass a great fortune. With this, more machinery would be acquired, much of it electrical for, for example, the textile industry.
RAILWAY
- Engineer Javier Cisneros found in the railroad the opportunity to boost trade in Antioquian products par excellence (coffee, gold, coal, etc.).
- The railway system was vital, not only for the development of different industries but also for the connection between rural people and the city and its nascent trade and business schools.
ACCUMULATED CAPITAL
MINERS
- The Antioquian merchant is linked to the clergy. Many of the richest were priests, especially miners.
- Of the 10 richest miners in America, 5 were priests. 4 of these 5 were from Antioquia.
- The fortunes amassed by these priests served as capital for the acquisition of English machinery and therefore the industrialization of the Aburra valley. Their fortunes would also be invested in coffee plantations and consumer goods for other ventures.
MAZZMORREROS
- The entrepreneurial spirit was enormous. An example of this are the mazamorreros, independent miners who practiced their profession with their own equipment despite not having the capital for larger equipment. The number of mines in Antioquia, including the mazamorreros, was so large that it was unknown.
COFFEE GROWERS
- Coffee did not come from the pre-colonial era, it had to become popular after the colonial era in Antioquia.
- Coffee once accounted for more than half of the country's exports. In the 1890s, it accounted for 70% of exports, for example.
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SCHOOLS
- Schools for different trades appeared in the Aburra Valley and later a mining school that would end up offering the first business and administration program.
- Students from this school would take advantage of the liberal reform to enter the banking world.
INDIGENOUS
- Antioquia was ahead of the American continent in the development of an industry
- Many believe that the commercial impetus of Antioquia, which led to an interest in developing an industry much earlier than other parts of the continent, has to do with an indigenous trade culture that the Spanish indirectly contracted instead of erasing.