The valorization, or equalization, of coffee originated in Brazil.
He proved his kingship by his masterful handling of valorization three years later.
The principle of valorization is generally conceded to be economically unsound, because it encourages overproduction.
It effectively killed all future valorization schemes in so far as direct participation by this country is concerned.
This first valorization was abandoned in favor of the Sielcken plan, which the federal government ratified in July, 1908.
The valorization project just described was the second of its kind, a former attempt having proved a failure.
The natural return to normal was much interfered with by speculation and valorization.