Jay-z released his tenth album entitled American Gangster on November 6, 2007. After viewing the film, he was heavily inspired to create a new "concept" album that depicts his experiences as a street-hustler. The album is not the film's official soundtrack, although it will be distributed by Def Jam. Jay-z's American Gangster depicts his life in correlation to the movie American Gangster.

At the start of the album's first single, "Blue Magic", Jay-z offers a dealer's manifesto while making references to political figures of the late 1980s with the lyric: "Blame Reagan for making me to into a monster, blame Oliver North and Iran-Contra, I ran contraband that they sponsored, before this rhymin' stuff we was in concert."Also notable about the "Blue Magic" music video was Jay-z flashing 500 euro notes, in what Harvard Business School professor Rawi Abdelal has called a "turning point in American pop culture's response to globalization."

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