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How did Union Pacific investors get rich in the Credit Mobilier scandal?
Wiki User
∙ 10y ago
acheiving monopoly in hauling freight along their railroad's tracks
Wiki User
∙ 10y ago
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What was the credit mobile scandal?
The Credit Mobilier scandal involved the Credit Mobilier Company and the Union Pacific Railroad. Both were chartered in 1864. In 1868, Congressman Oakes Ames distributed shares of Credit Mobilier stock, as well as made cash bribes to other congressmen. The Sun, a New York newspaper, broke the story of the scandal during the 1872 presidential campaign of Ulysses Grant.
Who was implicated in the Credit Mobilier scandal?
Congressman Oakes Ames was the core player in the Credit Mobilier scandal, however, over 30 other individuals participated in the scandal. Oakes Ames and James Brooks were censured by a congressional investigation.
What happened in the Credit Mobilier scandal?
Illegal manipulations were made in the construction of the transcontinental railroad.
What did the credit mobilier do?
he build up the Union Pacific bridge
What was the Credit Mobilier scandal?
A fake company set up by a railroad to make more money - APEX
What was the Credit Mobilier scandal of 1872 about in America?
The Credit Mobilier scandal which occurred in 1872 involved arguments with Union Pacific resulting from the building of the western part of the Transcontinental Railroad. The problems originated in 1864 during the presidency of Abraham Lincoln.
What was the credit mobile scandal?
The Credit Mobilier scandal involved the Credit Mobilier Company and the Union Pacific Railroad. Both were chartered in 1864. In 1868, Congressman Oakes Ames distributed shares of Credit Mobilier stock, as well as made cash bribes to other congressmen. The Sun, a New York newspaper, broke the story of the scandal during the 1872 presidential campaign of Ulysses Grant.
What railroad company was at the center of one of the biggest scandal's of President grants presidency?
Known as the Credit Mobilier Scandal, this involved the Union Pacific railroad.
Which railroad company was at the center of the biggest scandals of president grants presidency?
The Union Pacific (APEX)
Who was implicated in the Credit Mobilier scandal?
Congressman Oakes Ames was the core player in the Credit Mobilier scandal, however, over 30 other individuals participated in the scandal. Oakes Ames and James Brooks were censured by a congressional investigation.
The credit mobilier scandal occurred during which presidential administration?
Grant
What man was accused of involvement in the Credit Mobilier scandal?
dndru jhon was
What railroad company was at center of one of the biggest scandals of president grants presidency?
Known as the Credit Mobilier Scandal, this involved the Union Pacific railroad.
Who was accused of the credit mobilier scandal?
James Garfield.
Railroad built by the Credit Mobilier?
union pacific
What wa the name of the railroad construction scandal that caused president grant problems in 1872?
Credit Mobilier Scandal
What president was involved in the credit mobiler scandal?
U. S. was president when the Credit Mobilier scandal broke and some of his friends were involved.
