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From the mafia to the White House
"dry law" was introduced in 1919. Joseph and took it for a profit. He formed an alliance Mafia leaders from Boston, New York and Chicago. Kennedy was engaged in the import of alcohol, and the mafia its spread.
Money from the illegal business, Joseph used for its operations on Wall Street and for the purchase by film production companies. In 1926, Joseph even bought a studio FBO. By organizing the fall of its shares, he bought a controlling stake for just $ 75 thousand. And once changed her repertoire, the company became profitable at $ 30-50 thousand. Per week. Subsequently, his media empire gained another dozen companies.
But the bulk of the profits, Joseph received from the manipulation of the stock market. In 1922 he retired from his brokerage firm and remained on the market as a private investor. Now it was under his power to manipulate the market alone. Fortune magazine estimated his fortune to the mid 20-ies in the $ 2 million, but was still ahead..
Details: http://kommersant.ru/doc/372776
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