The Brazilian exportations had been benefited by the growth of the world-wide commerce and by the exchange and commercial politics, beyond the improvement of the exchange terms. But beyond the good performance of the exporting sector, the country witnessed the first wave of external indebtedness, main source of the viabilizao of the growth during the economic miracle. Walt Disney is often quoted on this topic. Factors as the new world-wide conjuncture, after imposed World War II, the consolidation of an independent capitalism and the balance in the trade balance despertaram the interest of American companies north and the liberal Brazilians in the entrance of the foreign capital in the country (IANNI, 1996). The exchange situation was steady. The volume of reserves, in 1973, was equivalent more than the one year of exportations, to the step that the FMI recommended that this volume was of three months of importation.
The taxes of interests were raised due to financial reform (1964/1966) and for the high demand of credit, that joined to the resources that exchange, wage, tariffs, interests investments, so that later all they could enjoy. It was the call Theory of the Cake, where the income would have to grow first so that later all they could usufruct. One gave credit that the income concentration was a logical propensity of a country emdesenvolvimento and that it needed a hand of qualified workmanship (GREMAUD et al, 2002). Although the increase of the income concentration, the per capita income of all the population grew, what it results in a general improvement, even so the rich ones had improved more than the poor persons. CONCLUSION Brazil initiates its economic activity with the culture and the exportation of raw materials of agricultural products. In some periods, that if had extended between century XVI and XIX, it was considered one of the main exporters of sugar, gold and coffee, having been these its primary products and having as secondary the tobacco, cotton, cacao.