How Capone Effetced Economics

When looking at economics, there is much talk about markets and there supply and demand to people. Well, when Al Capone was walking the streets of Chicago he also supplied and demanded to people in a not so legal way. During his time the Prohibition act was in place and people were unable to obtain any sort of alcohol, until Capone came around. He ran an illegal brewing company, which was very successful. Like we leanred in economics, there was a high demand for alcohol, which led to Capone raising the prices and making big money. He started of by just doing this in the streets of Chicago, but his business was so successful that he spread thorugh all the midwest and to major cities such as New York and New Orleans.

Also, Capone managed another successful illegal business, which had to do with loaning money. Businessman would come to Capone who were desperate for money, and Capone would loan them the money, but they would have to pay a high interest in return. They would also have to pay this money in a certain given time or they might get "Whacked". Capone was a very dangerous man, but a very successful businessman. Capone must have paid attention in his economics due to the great amount of profit he made throughout his life.