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How was the corruption related to Crédit Mobilier different from that of the Whiskey Ring?
Wiki User
∙ 10y ago
Both occurred during the administration of Ulysses S. Grant, from 1869 to 1877.
The Whiskey Ring directly involved tax revenue (notably whiskey taxes) being distributed among elected officials.
The Credit Mobilier scheme involved the top managers of the Union Pacific Railroad, although politicians were bribed with shares of the company under the preceding administration of Andrew Johnson.
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Under President Ulysses S. Grant, the government gave land and subsidies to help railroad companies build the transcontinental railroad to connect the Atlantic and the Pacific oceans. One of these companies was the Union Pacific Railroad. Union Pacific set up a false company called Crédit Mobilier and told the government that Crédit Mobilier would help build the railroad. The executives then hid excessive fees and cost overruns by using the dummy company.
Wiki User
∙ 10y ago
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