Taubaté Agreement
The Taubaté Agreement (Portuguese: Convênio de Taubaté), was an agreement signed on 26 February 1906 during the First Brazilian Republic between the presidents of the states of Minas Gerais (Francisco Antônio de Sales), São Paulo (Jorge Tibiriçá) and Rio de Janeiro (Nilo Peçanha), the main producers of coffee in Brazil. Foreseeing the harvest of a record crop, the agreement was signed in order to artificially maintain the high prices of coffee.