Chicago Protection Racket in late 1920's/early '30's
Date: February 28, 2013 06:36PM
Does anyone know what the "protection racket scene" was like in late 20's/early'30's Chicago? If say, in 1928, someone had the means and acumen to start a legitimate business: (ex.) a record company-recording dance bands and manufacturing and selling phonograph records, in say, the North Side, around Wrigleyville (Dearborn Avenue area), would they be subjected to extortion (protection money) by either organized crime or smaller independent gangters? If so, how would this work (weekly, monthly, or maybe a lump-sum? % of profits?). How high would you need to have influence to avoid this potential extortion (maybe know an alderman, mayor, chief of police, governor of Illinois-yes I know they had their own hands out)? Who would be likely to be behind this? Bugs Moran to start, then Al Capone, after St Valentine's Day Massacre in '29? How would this all work? Would there be graft involved in just obtaining a business license for a record company?
I am working on a screen-play about this time period ('28-'34) and scenerio (recording company) and would like some advance info.
Thanks for any consideration and response to this inquery.
Skip D, Alexandria, Virginia