Gangster Spirits: Economic History of Chicago and the Al Capone Era

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The document outlines plans for a book about Al Capone and the economics of crime in Chicago during Prohibition. It will use economic theory to explain Capone's decisions and rise to power by supplying illegal alcohol. The book will provide an economic history of Chicago leading up to Prohibition and analyze how the political and economic environment enabled Capone's success. It will draw on data sources like homicide records, IRS documents, newspaper archives, and census data to empirically analyze topics like supply and demand, market power, and the relationship between organized crime and homicide rates during this era.

Presentations & Public Speaking

Gangster Spirits
Economic History of Chicago and the Al Capone Era
Alice Louise Kassens
Roanoke College
VAE 2016

Capone the economist
“I am like any other man. All I do is supply a demand.”
“I have built my organization upon fear.”
“You can get more with a kind word and a gun than you can
with a kind word alone.”
“Capitalism is the legitimate racket of the ruling class.”

Plans for book
• Biography Capone’s life, particularly his time in Chicago prior going to
prison in 1932 (Atlanta then Alcatraz), using economics to explain
decisions and actions; rise and fall of Capone empire
• Economics of crime, opportunity costs, market power and barriers to entry,
“Bootleggers and Baptists”, supply and demand, crony capitalism, etc.
• Use theory and provide empirical analyses
• While also
• Providing an economic history of Chicago and its citizens leading up to and
throughout Prohibition
• Explaining the political and economic environment making Capone’s
rise to power and wealth possible

Resources
DATA
• Skogan’s “Chicago since 1840: A
time-series data handbook”
• Chicago Historical Homicide
Project (Northwestern University)
FILES/TEXTS
• IRS documents
• FBI documents
• Chicago Tribune archives
• Books (Schoenberg, Kobler, Eig)
• Journal articles
• “Social Scientists Map Chicago”
• ChicagoinMaps.com
• Ancestry.com
Gangster Spirits

Example: Chicago Historical Homicide Project
• Sequential text file and quantitative database from Chicago Police
Department Homicide Record Index from handwritten records (over
11,000 cases between 1870 and 1930)
• Supplement with other sources for details (Chicago Tribune
archives, Illinois Crime Index, CHHP interactive database)

Example: Chicago Tribune, Chicago in Maps

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Gangster Spirits: Economic History of Chicago and the Al Capone Era

1. Gangster Spirits Economic History of Chicago and the Al Capone Era Alice Louise Kassens Roanoke College VAE 2016

2. Capone the economist “I am like any other man. All I do is supply a demand.” “I have built my organization upon fear.” “You can get more with a kind word and a gun than you can with a kind word alone.” “Capitalism is the legitimate racket of the ruling class.”

3. Plans for book • Biography Capone’s life, particularly his time in Chicago prior going to prison in 1932 (Atlanta then Alcatraz), using economics to explain decisions and actions; rise and fall of Capone empire • Economics of crime, opportunity costs, market power and barriers to entry, “Bootleggers and Baptists”, supply and demand, crony capitalism, etc. • Use theory and provide empirical analyses • While also • Providing an economic history of Chicago and its citizens leading up to and throughout Prohibition • Explaining the political and economic environment making Capone’s rise to power and wealth possible

4. Resources DATA • Skogan’s “Chicago since 1840: A time-series data handbook” • Chicago Historical Homicide Project (Northwestern University) FILES/TEXTS • IRS documents • FBI documents • Chicago Tribune archives • Books (Schoenberg, Kobler, Eig) • Journal articles • “Social Scientists Map Chicago” • ChicagoinMaps.com • Ancestry.com Gangster Spirits

5. Example: Chicago Historical Homicide Project • Sequential text file and quantitative database from Chicago Police Department Homicide Record Index from handwritten records (over 11,000 cases between 1870 and 1930) • Supplement with other sources for details (Chicago Tribune archives, Illinois Crime Index, CHHP interactive database)

6. Example: Chicago Tribune, Chicago in Maps

7. Divorce, Marriage, and Unemployment

8. Divorce, Marriage, and Unemployment

9. Homicide and Organized Crime

10. Homicide and Organized Crime

Gangster Spirits: Economic History of Chicago and the Al Capone Era

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