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Old Tue Oct 31, 2006, 05:42pm
Nevadaref Nevadaref is offline
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Join Date: Nov 2002
Posts: 15,003
Here iRut read this and learn something for once, instead of your usual practice of just opening your yap and spewing out garbage.
This is from a local media source and was written in the past fews days regarding a ballot question for the upcoming election.

"The decision to legalize gambling here in 1931 was based largely in anticipation of the gold-standard decision, which was inevitable even before FDR took office in 1933 because so little paper money was in circulation in the aftermath of the thousands of bank closures that followed the stock-market crash of 1929. With gold (which by then had long since supplanted silver as Nevada’s primary mineral resource) no longer valid currency and thus less in demand than before, Nevada leaders knew they had to do something to sustain the state’s flagging economy.

That’s why it legalized (and heavily taxed) not only gambling, but quickie marriages and divorces, and prostitution as well.

Lawrence M. Friedman, a Stanford professor who has written 23 books on the subject of law and its impact on American society, encapsulates Nevada’s economic history this way:

“Nevada, in a burst of ingenuity, built an economy by exploiting its sovereignty. Its strategy was to legalize all sorts of things that were illegal in California ... After easy divorce came easy marriage and casino gambling. Even prostitution is legal in Nevada, in any county that decides to allow it. Quite a few of them do.” "


I think that Prof. Friedman knows a bit more about Nevada's legal history than you do.