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Credit Mobilier was a construction company involved in the building of the Union Pacific Railroad during the 1860s. It was founded by a group of investors, including prominent figures like Thomas C. Durant, who sought to profit from government contracts for railroad construction. The company became infamous for its corrupt practices, including bribing government officials to secure favorable contracts and inflate construction costs, which ultimately led to a major political scandal in the United States.
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What was the main purpose of the company known as the credit mobilizer?
The main purpose of the Credit Mobilier company, established in the 1860s, was to finance the construction of the Union Pacific Railroad. It served as a construction company that overcharged the railroad for building the track, allowing its investors to profit significantly. The company became notorious for its role in a major corruption scandal involving politicians and railroad executives, highlighting issues of graft and influence in the burgeoning railroad industry.
What was the main purpose of the company known as credit mobilier?
To make money.
What is the purpose of credit report check?
The purpose of a credit report check is to check how a person manages their credit obligations and if they have any history of not paying. If one has bad history then it is more of a risk for a company to give that person credit.
What was the main purpose of the company known as Credit Mobiliers?
obtain powerful political positions for its sharholders
What is a single purpose credit card?
A single-purpose credit card is one that can be used in one store or chain of stores for one specific purpose. Examples: Cards issued by a department store such as J.C Penney or a gasoline company such as Citgo
Who was involved in credit mobilier and what was the purpose of this company?
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
What was the main purpose of the company known as the credit mobilizer?
The main purpose of the Credit Mobilier company, established in the 1860s, was to finance the construction of the Union Pacific Railroad. It served as a construction company that overcharged the railroad for building the track, allowing its investors to profit significantly. The company became notorious for its role in a major corruption scandal involving politicians and railroad executives, highlighting issues of graft and influence in the burgeoning railroad industry.
What was the main purpose of the company as Credit Mobilier?
To make money.
Who is responsible for company credit card after the company declares bankruptsy?
The company. The liability is one of the many the BK will resolve. Of course, if there was a cosigner or such on the credit line, they are involved too.
What was the main purpose of the company known as credit mobilier?
To make money.
What is the purpose of credit report check?
The purpose of a credit report check is to check how a person manages their credit obligations and if they have any history of not paying. If one has bad history then it is more of a risk for a company to give that person credit.
What is the purpose of credit monitoring services?
One of the main purpose of credit monitoring is to protect consumers from identity fraud. Before deciding if this is right for you, check pros and cons and the costs involved.
What was the main purpose of the company known as Credit Mobiliers?
obtain powerful political positions for its sharholders
Who was involved in credit mobilier and what was the purpose?
The union pacific railroad was involved and the plan was to pay a huge sum for work and secure the bonds loaned by the US government.
What is a single purpose credit card?
A single-purpose credit card is one that can be used in one store or chain of stores for one specific purpose. Examples: Cards issued by a department store such as J.C Penney or a gasoline company such as Citgo
What is the purpose of the Deseret First Credit Union organization?
The purpose of the Deseret First Credit Union organization is to offer strength and security to its members. The company was founded in 1955 and helps customers get their financial house in order.
There maybe Fraud or Identity theft involved and you do not have the Credit Cards or the Statements Need company addresses and telephone numbers?
Search the internet for the company. Most credit card companies have address and telephone numbers for their fraud departments on-line.
