Known also as Black Tuesday, October 29th left stockholders shattered with recorded losses reaching $40 billion dollars (Kelly, n.d.). Many banks and financial institutions began collapsing which led to irretrievable, uninsured deposits and savings. Fearing further loss, people began spending less which led to a decrease in production and an increase in unemployment. As companies began to fail, the government devised the Smoot-Hawley Tariff in order to protect American businesses. The Tariff placed high taxes on imports leading to a decline in international trade.
There is a large profit that can result from drug trafficking, which could be one of the reasons behind the crime not always being viewed under a zero tolerance policy. The global crimes that have become some of the largest issues previously mentioned always make the implication that some sort of organized crime has occurred or is occurring. A problem that arises when organized crimes occur is that there are often “crooked” police officers who handle the law unfairly among certain suspects or criminals. Another issue in drug trafficking is that sometimes, groups of organized crimes all link to a business or business people. One other issue for drug and human trafficking crimes is border security and safety.
Cocaine Kids showed how society views most drug dealer, with stereotyping them as gangsters with big gold rope necklaces, fresh kicks, and nice cars. It was a bigger chance that the Cocaine Kids would get caught because of where they lived, the areas that they stayed in promoted drug use. There was more of a risk of being caught for drug dealing that is why certain extensive procedures were followed in Cocaine Kids. It was to the degree of the market almost having its own “miniature society with institutions, laws, morality, language codes in behaviors of its own.” (Williams, pg.2). A person would think people with money would be looked down upon because they buy these illegal drugs but there is less stigmatizing because they have disposable money.
Organized crime participants are master manipulators and can easily instill fear in the citizens within the area. This fear is often times enough to keep innocent people quiet when being questioned by law enforcement. This practice has helped organized crime not only survive but evolve within the United States. In addition, when the criminal group has the assistance of local law enforcement and judicial officials, it becomes common for a criminal case to end in a dismissal. In conclusion, it can be said that crime and politics have existed in America for decades, Money, and power are both present in crime and politics.
There have been studies showing that employees and law enforcement have tried to get extra things like money, drugs and sex. Bernard McCarthy has studied this very thing. He identified three categories of correctional corruption: Misfeasance – when someone grants personal favors or privileges; Malfeasance – is exploitation of inmates and/or their families; and Nonfeasance – is failure to report crooked acts by their co workers (Logan, 1990). With all of the money that is being generated, it shows that almost everyone that is affiliated with the prisons is making money, except for the
However, as time went on, more and more citizens grew sick of not having alcohol, and tried to work their way around the liquor ban. Luckily for them, the Volstead Act contained some loopholes, which the public immediately took advantage of. Throughout Prohibition, some distilleries were still allowed to produce "medicinal whiskey". Bootleggers (alcohol smugglers) quickly discovered that running a pharmacy was the perfect front for their actual trade. Due to this, the number of pharmacists in the state of New York more than tripled during the Prohibition era.
‘We in America today are nearer to the final triumph over poverty than ever before in the history of any land.’ This was said by New republican president, Herbert Hoover, in 1928. However it was not true, for within a year, America had lost all confidence and it had fallen into the depths of depression. The Great Depression was an economic crisis which started with the crash of the Wall Street stock markets in 1929. It was a tragedy which affected all areas of American life. It caused unemployment rates to rise, reaching as high as 25%.
The stock market crashed rapidly, and took a big hit to the U.S. economy. Many investors put almost all their money into the stock markets. This made the Great Depression. On January 7th, 1953 Herbert Hoover sent a message out to the world and said please take out all of your money before you go broke and start working again. And before you go broke and don’t know what to do with your life.
However, drug smuggling and weapons trafficking are also quite common. I believe that organized crime groups nearly always use legitimate businesses as a front to cover up their illegal operations; such as trash collecting, pizza parlors, and ice cream trucks. In a way, these groups thrive off of the people in their community, while the community is completely unaware of what’s going on.
During the beginning of the Prohibition corruption had not been a large issue, but overtime it became more and more apparent. The amount of cases involving alcohol continued to grow in courts, the government was unable to keep up. So in response judges began to take bribes allowing the defendant to escape free of any charges. Along with judges, police officers also began taking bribes mainly because of their low salaries. These men were more interested in money then fighting to decrease the crime rate.