THE VIRGINIA DYNASTY 1801 1825
AMERICAN INDUSTRIALIZATION FACTORY SYSTEM AND MARKET REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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accepting bribes from business owners to route railroad tracks through their towns.
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achieving a monopoly in hauling freight along their railroads’ tracks.
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conspiring with other railroads to set high prices.
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paying inflated bills from a construction company they controlled.
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Detailed explanation-1: -Crédit Mobilier Scandal, in U.S. history, illegal manipulation of contracts by a construction and finance company associated with the building of the Union Pacific Railroad (1865–69); the incident established Crédit Mobilier of America as a symbol of post-Civil War corruption.
Detailed explanation-2: -In the Crédit Mobilier scandal, Union Pacific investors got rich by? Paying inflated bills from a construction company that they controlled.
Detailed explanation-3: -How was the Credit Mobilier scandal resolved? A Congressional Investigation heard testimony from dozens of railroad investors, workers, and politicians. No formal charges were made, but Oakes Ames was censured by Congress and most politicians involved had their reputations ruined as a result of the scandal.
Detailed explanation-4: -Who was involved in Credit Mobilier, and what was the purpose of this company? Stockholders in the Union Pacific Railroad. It’s purpose was to lay track at two or three times the actual cost.