The Credit Mobilier Scandal (31 Jan 1867 Jahr – 8 Dez 1872 Jahr)

Beschreibung:

Came to public attention in 1872, involved the Union Pacific Rail Road and the Crédit Mobilier of America construction company in the building of the eastern portion of the First Transcontinental Railroad. The construction company charged the railroad far higher rates than usual, and cash and $9 million in discounted stock were given as bribes to 15 powerful Washington politicians, including the Vice-President, the Secretary of the Treasury, four senators, and the Speaker and other members of the House.