The article discusses the formation of the Cattle Market in the city of Três Corações (Minas Gerais/Brazil), analyzing the paths of the region in the transition from slave society to form its capitalist dynamics. To this end, the paper presents an interpretation of the relationship between state and cattle market through the concept of "spot market". Whereas the South of Minas region must be regarded as a territory marked by particular historical processes, is discussed in the text the question why despite receiving either influences the Sao Paulo coffee economy, nor the supplying trade the city of Rio de Janeiro, the region had a limited economic growth in the early twentieth century.
Cattle Market; Três Corações - MG; capitalism
