U. S. was president when the Credit Mobilier scandal broke and some of his friends were involved.
Known as the Credit Mobilier Scandal, this involved the Union Pacific railroad.
Known as the Credit Mobilier Scandal, this involved the Union Pacific railroad.
The Whiskey Ring and the Credit Mobilier scandal was only under the President Ulysses S. Grant.
Credit Mobilier Scandal
Construction of the First Transcontinental Railroad.
U. S. Grant was President when this scandal broke. However, the roots of the scandal began nearly a decade earlier ,during Lincoln's and Johnson's administrations.
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.
President Ulysses S. Grant. You have scandals such as: Black Friday Boss Tweed and the Tweed Ring Credit Mobilier Whiskey Ring Belknap 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.
The Union Pacific (APEX)
The company you are referring to is the Credit Mobilier scandal, which involved a construction company overcharging the Union Pacific Railroad for construction projects and making substantial profits. The scandal revealed that company executives had bribed several members of Congress and influential figures to secure government contracts and favorable legislation. This scandal tarnished the reputation of President Ulysses S. Grant's administration and led to investigations and reforms in government contracting practices.
People involved: Union Pacific Railroad in 1864, vice president Shuyler Colfax, and congressman James Garfield involved in Credit Mobilier. Purpose: obtain powerful political positions for its shareholders