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How Did The Economic Conditions Of The Unites States Of America In The Nineteen Twenties Enable Underworld Figures Such As Al Capone To Prosper?



             production fell by more than 9% between the market crashes in October and .
             December 1929. Consequently, jobs were lost, and soon people began .
             defaulting on their interest payment. Radios and cars bought with .
             instalment credit had to be returned. All of the sudden warehouses were .
             piling up with inventory and the thriving industries that had been connected .
             with the automobile and radio industries, started falling apart. Without a .
             car people did not need fuel or tires; without a radio people had less need .
             for electricity. On the international scene, the rich had practically stopped .
             lending money to foreign countries. With such tremendous profits to be .
             made in the stock market nobody wanted to make low interest loans. To .
             protect the nation's businesses the U.S. imposed higher trade barriers .
             through the Hawley-Smoot Tariff of 1930. Foreigners stopped buying .
             American products. More jobs were lost, more shops were closed, more .
             banks declared bankruptcy, and more factories closed down. Unemployment .
             grew to five million in 1930, and up to thirteen million in 1932. The country .
             spiralled quickly into catastrophe. The Great Depression had begun.
             Al Capone.
             "Gabriele Capone arrived in the U.S. in 1894. Gabriele, who was thirty .
             years old, brought with him his pregnant twenty-seven-year-old wife .
             Teresina (called Teresa), his two-year-old son Vincenzo and his infant son .
             Raffaele. He was a barber by trade and could read and write his native .
             language. .
             Gabriele's ability to read and write allowed him to get a job in a .
             grocery store until he was able to open his barbershop. Teresina, in spite of .
             her duties as a mother of a growing brood of boys, took in sewing piecework .
             to add to the family income. Her third child, Salvatore was born in 1895. .
             Her fourth son and the first to be born and conceived in the New World was .
             born January 17, 1899. His name was Alphonse.
             At the age of five in 1904, Capone went to Public School 7 on Adams .


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