american gambling

catrina m

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Feb 8, 2007
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I was talking about the colonial gambling in the poker forum but it seems to belong here.

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One prominent researcher speculates that the appeal of gambling was probably heightened by the frontier spirit. The desire to explore new worlds is similar to gambling. Both rely heavily on high expectations, risk taking, opportunism, and movement

Lotteries Used to Bail Out the Early Colonies. Although the financial backers of the colonies viewed gambling as a source of the colonies' problems, they began to see it as the solution as well. The Virginia Company of London, the financier of Jamestown in Virginia, was permitted by the Crown to hold lotteries to raise money for the company's colonial venture. The lotteries were relatively sophisticated and included instant winners. Eventually, the crown banned the lotteries because of complaints that they were robbing England of money.5 The company dissolved shortly thereafter.

There's a lot of interesting american history here. Those who forget the past are doomed to repeat it, lol.

The First Wave of Legal Gambling Draws to an End. During the early 1800's, gambling came under increasing attack. There was always a group opposing gambling on moral grounds. This opposition was largely based on religious beliefs.9 The flames of opposition were fanned, however, by the prevalence of scandals and the belief that the poor were being targeted, especially by lotteries. This opposition drew strength from the larger climate of social reform. Issues such as temperance, women's rights, educational reform, prison reform, and abolition of slavery were on the minds of many. Although there was strong sentiment to avoid interference with market forces, there was a countervailing view that people should behave in a virtuous way and that meant no gambling
 

catrina m

Dormant account
PABaccred
Joined
Feb 8, 2007
Location
US of A
I liked reading this.

last excerpt:

The Prohibition Did Not Eliminate Gambling But Drove it Underground. Even in California, where most gambling was illegal, the first slot machine was invented and premiered in San Francisco in 1895. It was not specifically outlawed until 1911.
 

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