2014-08-112014-08-112014-08-112014-08-11https://repositorio.banrep.gov.co/handle/20.500.12134/6125During the 1920s, the Colombian economy experienced the highest rate of growth in its history. The economic reforms of 1923 (the central bank, gold standard, banking legislation, fiscal reorganization), the coffee boom, and the unprecedented influx of forPDFspaOpen AccessWorking PaperO16 - Financial Markets; Saving and Capital Investment; Corporate Finance and GovernanceN26 - Financial Markets and Institutions: Latin America; CaribbeanN76 - Transport, Trade, Energy, Technology, and Other Services: Latin America; CaribbeanO18 - Urban, Rural, Regional, and Transportation Analysis; Housing; InfrastructureRate of returnInvestmentRailroadsForeign debtColombiaFerrocarriles -- Colombia -- 1920-1950Desarrollo económico -- Colombia -- 1920-1930Deuda externa -- Colombia -- 1920-1930Inversiones públicas -- Colombia -- 1920-1950Acceso abiertoAtribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0O16 - Mercados financieros; Ahorro e inversión de capital; Gobierno y financiación de la empresaN26 - Mercados e instituciones financieras: América Latina; CaribeO18 - Análisis regional, urbano y rural; transporte; vivienda; Infraestructura urbanaN76 - Transportes, comercio, energía, tecnología y otros servicios: América Latina; CaribeLas opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.https://hdl.handle.net/20.500.12134/6125