Fandom

APUSH Study Group Wiki

Credit Mobilier Scandal

256pages on
this wiki
Add New Page
Comments3 Share

Ad blocker interference detected!


Wikia is a free-to-use site that makes money from advertising. We have a modified experience for viewers using ad blockers

Wikia is not accessible if you’ve made further modifications. Remove the custom ad blocker rule(s) and the page will load as expected.

SummaryEdit

A scandal between the Union Pacific Railroad and Crédit Mobilier of America.

Exact DefinitionEdit

This scandal erupted in 1872 when Union Pacific Railroad insiders formed the Credit Mobilier construction company and then hired themselves at inflated prices to build the railroad line, earning high dividends. When it was found out that government officials were paid to stay quiet about the illicit business, some officials were censured.

ImportanceEdit

Another example of the gilded age and corruption. The government had little economic regulations over big businesses so scandals or monopolies such as this were common.

Helpful LinksEdit

Wikipedia

Also on Fandom

Random Wiki