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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.

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Q: What was the Credit Mobilier scandal of 1872 about in America?
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What wa the name of the railroad construction scandal that caused president grant problems in 1872?

Credit Mobilier Scandal


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 was the Credit Mobilier scandal about?

The scandal which took place for eight (8) years beginning in 1864 and coming to light in 1872 involved the Union Pacific Railroad (UPR) and the Credit Mobilier of America (CMA) company. Stock and cash bribes were paid to congressmen in order to overlook that the same owners of the UPR and CMA were constructing the railroad falsely representing the "independent" nature of UPR selecting the construction company for the building of the first Transcontinental Railroad. In essence, CMA and UPR conspired to charge the government far more than the cost to build the railroad in order to keep the profits to themselves.


Why did Reconstruction eventually falter under Grant?

president grant was a much better general than president,that said he was rocked by three scandals,the jay gould 1869 scandal,credit mobilier 1872 scandal,the whiskey ring 1879 scandal.also mr.grant did not run for a third term mainly due to a deep economic depression of 1873,he failed to run in 1876.others may improve on this answer but it's a good start.


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