Credit mobilier apush. The Credit Mobilier Scandal Of 1872 2022-10-28
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The Credit Mobilier scandal was a political scandal that took place in the United States during the 1870s. At the heart of the scandal was the Credit Mobilier of America, a company that was created by insiders of the Union Pacific Railroad for the purpose of constructing the railroad. The company was able to secure lucrative government contracts to build the railroad and made substantial profits as a result. However, the company was also involved in a scheme to defraud the government and the shareholders of the Union Pacific Railroad.
The Credit Mobilier scandal came to light in 1872 when it was discovered that the company had been paying bribes to politicians in order to secure favorable treatment for its business interests. Many of the politicians who had received these bribes were members of Congress, and the scandal resulted in the resignation of several high-ranking officials, including Vice President Schuyler Colfax.
The Credit Mobilier scandal had far-reaching consequences for both the Union Pacific Railroad and the government. The company's reputation was severely damaged by the scandal, and the government was forced to take action to prevent similar frauds from occurring in the future. In response to the Credit Mobilier scandal, Congress passed the 1873 Pendleton Civil Service Reform Act, which established a merit-based system for federal government appointments and sought to curb the influence of special interests in government.
The Credit Mobilier scandal serves as a reminder of the importance of transparency and integrity in government and business. It highlights the dangers of corruption and the need for strong checks and balances to prevent such abuses of power from occurring. It is a cautionary tale that continues to be relevant today as we strive to ensure that our political and business systems are fair and accountable to all.
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And Ames was intent on gaining their support. Transcontinental Railroad - the railroad business symbolized and advanced the new industrial order. It developed out of a struggling Minnesota railroad, the St. As a crowning insult to the public trust, the schemers were never punished. This paper will trace the history of the Haymarket Affair and these two monuments created… Corruption In The Gilded Age The Gilded Age was a period where great wealth and industrialization was presented to the world, but under the surface and away from the eyes of the public lay poverty, crime, racism, and corruption. The Credit Mobilier Scandal of 1872 Since time immemorial, politicians have been tempted with bribes and have been part of all sorts of shady deals.
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