1 févr. 1867 - Credit Mobilier Scandal The Stockholders Scandal

Description:

In this scandal, major stockholders in the Union Pacific Railroad formed a company, the Crédit Mobilier of America, and gave it contracts to build the railroad. They sold or gave shares in this construction to influential congressmen. The scandal showed how corruption tainted Gilded Age politics, and the lengths railroads and other economic interests would go to assure and increase profits.