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The shadowy past and present of Las Vegas—and its role in the shaping of today's America—are here revealed as never before by two of the country's leading investigative reporters. After five years of intensive research and interviewing, Sally Denton and Roger Morris make clear how and why Las Vegas became the greatest "business success story" of the twentieth century, and how the rest of America ensured this success by contributing capital as well as customers.Headquarters of a trillion-dollar worldwide empire, the site of unprecedented political and economic power, Las Vegas, in the view of Denton and Morris, is by no means an aberrant sin city. They demonstrate how, on the contrary, it has grown out of, and reflects, a corruption and a worship of money that have crept into American life since Prohibition.They trace the original funds for the founding of the Las Vegas we know today to nationwide narcotics trafficking. They show how deeply a multiethnic criminal syndicate, in part feeding off gambling profits and the skim in Las Vegas, came to influence American politics and the larger society, and how pervasively its "style of business" has penetrated the entire nation. Denton and Morris detail the amazing rise and reach of Meyer Lansky—the mind that ran the city; exactly how criminals, politicians, and businessmen worked together to control Las Vegas; the curious interplay of the city with the fates of Joseph, John F., and Robert Kennedy; how Howard Hughes and J. Edgar Hoover vastly intensified the city’s corruption; how Mormon bankers and Wall Street financiers have bankrolled and profited from casinos ruled by organized crime; how a handful of dedicated journalists and law enforcement officers were destroyed before they could expose the city’s secrets.The Money and the Power is a detailed and illuminating chronicle of an extraordinary place and time—and a provocative reinterpretation of twentieth-century American history.
P.T. Barnum would be oh so proud if he could see what Las Vegas has become to America and the world. And to think once upon a time they used to lure the suckers out to the desert with cheap food and rooms. These days theres not room enough for all the so-called "gamblers" crowding in. I use the term gamblers loosely, because its better than calling all those nice folks losers.If the movie "Casino" wasn't enough of an eye opener for them, this book should be. It brings together all the elements that created and sustain Nevada's almighty cash cow. From the Mormon's to the Mob, pension funds to junk bonds, it's all on display in this fascinating and well researched historic expose. An illuminated social, economic and crimal perspective, that shines brighter than any neon you'll find on the Vegas strip. The gangsters and the policticians, notice I lump them together along that is with the bankers and corporate tycoons. And if you thought Howard Hughes ended the mob's hold on the casinos, boy are you in for a surprise.Rat Packers Frank Sinatra, Dean Martin and alike, would often reference or joke about their mob bosses all the time, but only they could get away with it. It was no secret, because thats the way business was done back then. And when Hollywood turned its back on Sinatra, he was always welcomed back by the wise guys. The same guys that knew how to treat their customers right. If you didn't really gamble, Vegas was a helluva of a bargain bonanza with it's plentiful buffets, luxury rooms and top live entertainment. The public didn't get to see the cheaters getting beaten to a pulp by casino guards, the state didn't look too closely at what was being skimmed and embezzled. They got their cut and everyone was happy. Of course, if you want to peer behind this sparkling veil, if you really want to find out what really "stays in Vegas", then this is the book for you.