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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.
In which example of grantism did the union pacific railroad used government money to make huge profits on its stock?
Credit Mobilier
How do credit card companies earn profits?
Credit card companies earn profits by charging interest.
What is the differentce between a bank and a credit union?
A bank's profits go to the bank and its chief officers. The profits of a credit union go back to its members.
Railroad built by the Credit Mobilier?
union pacific
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.
Why Dell profits drops?
Mmm im not sure but it may be the credit crunch.
Credit unions differ from banks because they don't do what?
Seek to make profits
How much money does the credit card industry generate annually?
In 2003 the profits for credit card companies was estimated at 30 billion dollars.
Why are profits and liabilities on the same side in a balance sheet?
Profits and liabilities are both credit entries on a balance sheet. They show how the assets (debits) of the company have been generated.
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.
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.
