WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
GILDED AGE POLITICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What two politicians were involved in the “Credit Mobilier Scandal”?
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James Anderson and Walt McDaniels
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George S. Harris and Dennis Michaels
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Drew Alan and Matthew Douglas
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Oaks Ames and James Brooks
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Explanation:
Detailed explanation-1: -Hoxie signed the contract over to his benefactor–and Durant transferred it into the name of Crédit Mobilier. In essence, Durant hired himself to construct the railroad, paying Crédit Mobilier with money given to the Union Pacific by government bonds and risk-taking investors.
Detailed explanation-2: -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.
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