0
What else can I help you with?
What happened in the Credit Mobilier scandal?
Illegal manipulations were made in the construction of the transcontinental railroad.
How did Union Pacific investors get rich in the Credit Mobilier scandal?
acheiving monopoly in hauling freight along their railroad's tracks
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.
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?
A fake company set up by a railroad to make more money - APEX
In which example of grantism did the union pacific railroad used government money to make huge profits on its stock?
Credit Mobilier
Railroad built by the Credit Mobilier?
union pacific
What happened in the Credit Mobilier scandal?
Illegal manipulations were made in the construction of the transcontinental railroad.
When was the Credit Mobilier?
a fake company set up by a railroad to make more money.
In which example of corruption under president grant did the Union Pacific Railroad use government money to make money from its own stock?
Crédit Mobilier
What is the credit mobilier?
A credit mobilier is a construction company set up by several stockholders of the Union Pacific
Who was involved in Crédit Mobilier?
Union Pacific Railroad in 1864, vice president Shuyler Colfax, and congressman James Garfield involved in Credit Mobilier.
The Credit Mobilier Scandal involved kickbacks and government corruption associated with the?
Construction of the First Transcontinental Railroad.
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.
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.
Construction company of scheming stockholders?
Credit mobilier.
What wa the name of the railroad construction scandal that caused president grant problems in 1872?
Credit Mobilier Scandal
