50 Mil Réis 1932 Revolution Bonus; 2nd. Print

Themes of this banknote
 
(1) Floriano Vieira Peixoto (1839-1895), 2nd president of Brazil (1891-1894).

 
(2) Harvesting coffee, the main economic activity in the state of São Paulo at the time.

 
(3) 1932 Revolution Bonus
Undoubtedly, one of the most important and dramatic events in Brazilian republican history. Expressing the dissatisfaction of the paulistas with the Revolution of 1930, the movement served, above all, to convince the Provisional Government of Getúlio Vargas of the need to end the discretionary character of the regime under which the country lived. This would only happen when the 1890 Constitution, rendered ineffective, was replaced by another.

The Constitutionalist Revolution of 1932 was a reaction of the Brazilians who opposed the government of Getúlio Vargas, who had given a coup d'état when deposing President Washington Luís, in 1930. Between July and October of that fateful year, São Paulo fought against the central government for the country to return to its democratic normality. Despite the promise of aid, only small contingents from the state of Rio Grande do Sul and southern Mato Grosso have allied themselves with the São Paulo initiative. Getúlio Vargas was forced to call a General Constituent Assembly,
which resulted in the 1934 Constitution.

If from the military point of view, the paulistas were defeated by the 1932 movement, the same cannot be said in relation to politics and the economy. São Paulo continued to be the main supplier of foreign exchange in the country, in the context of a global economic crisis and a drop in the price of coffee on the international market. Thus, under pressure, the Provisional Government maintained the policy of valuing coffee, buying and retaining stocks, in addition to allowing the rescheduling of coffee farmers' debts and accepting war bonuses as legal tender, among other measures.

The São Paulo campaign was a civil war that, even though it was brief, was still a war.
Trenches, rifles, armored cars, everything produced with what was within reach, the result of a titanic effort against what they considered tyranny. Schools were converted into hospitals and the Escola Politécnica produced armaments.

A problem resulting from the brief war situation in which the State of São Paulo was involved, was the momentary lack of circulating medium. As this was an exceptional situation, the State Treasury issued a series of public debt bonds, in the form of bills. Decree 5585, of July 14, 1932 authorized the issuance of Rs. 100,000: 000 $ (one hundred thousand contos de réis), for circulation in 90 days.

The notes had two prints, both printed by Companhia Melhoramentos de São Paulo in record time. The first family brought the effigies of Domingos Jorge Velho and Fernão Dias, both bandeirantes. The bonuses of the 1932 Revolution were canceled on 12/31/1932.

Constitutionalist Revolution of 1932 

Notes

To know more... Republic of the United States of Brazil (2nd Republic) and Réis (Rs)

Legislation
Decree 5585, of July 14, 1932

Printer
Companhia Melhoramentos de São Paulo