A fake company set up by a railroad to make more money - APEX
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 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.
Illegal manipulations were made in the construction of the transcontinental railroad.
acheiving monopoly in hauling freight along their railroad's tracks
Credit Mobilier was a major financial scandal in the United States during the 19th century, primarily involving the Union Pacific Railroad and a construction company called Credit Mobilier of America. Key figures included Thomas C. Durant, a Union Pacific executive, and several prominent politicians, including members of Congress who were implicated in accepting bribes to protect the interests of Credit Mobilier. The scandal highlighted issues of corruption and the influence of money in politics during the Gilded Age.
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.
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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.
Credit Mobilier Scandal
U. S. was president when the Credit Mobilier scandal broke and some of his friends were involved.
Illegal manipulations were made in the construction of the transcontinental railroad.
In order to answer this question, we need more specifics on the content of the question.
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.
The Whiskey Ring and the Credit Mobilier scandal was only under the President Ulysses S. Grant.
Construction of the First Transcontinental Railroad.