How did Al Capone effect the economy?

Posted by on Mar 24, 2011 | Comments Off

1300972693 65 How did Al Capone effect the economy?

I have to write a 6 page paper on Al Capone. In what ways did he effect the economy in the 20's and 30's and at other times? Thanks

Al Capone bootlegged alcohol and sold it cheaply which actually had a positive effect on the economy as the money he made he spent on luxurious items which contributed to the economy.however overall the economy was negatively affected as tens of thousands lost their jobs as the brewery industry closed down and caused the major loss of jobs which meant people had less to spend on products meaning less money going towards the economy.Capone had a detrimental effect as he failed to pay taxes costing the government millions something he was later convicted on-tax evasion.

How did Al Capone effect the economy?

comment closed