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 was the “Credit Mobilier Scandal”?
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It was an illegal process of voting in Mobile, Alabama.
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Congress discarded all the presidential votes and staged a government take over on all government treasuries.
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A sham(fake) construction company designed to build the Union Pacific Railroad by financing it was fraudulent, unmarketable bonds.
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None of the above.
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Explanation:
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: -How did railroad owners use Credit Mobilier to make huge, undeserved profits? Answer: By charging too much for railroad construction and paying off government officials.
Detailed explanation-3: -What was the Credit Mobilier Scandal? company that overcharged Union Pacific on purpose so the stockholders could pocket the difference and give some of the money to Congressmen.
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