Credit Mobilier Scandal
A railroad construction company that consisted of many of the insiders of the Union Pacific Railway. The company hired themselves to build a railroad and made incredible amounts of money from it. In merely one year they paid dividends of 348 percent. In an attempt to cover themselves they paid key congressmen and even the Vice-President stocks and large dividends. All of this was exposed in the scandal of 1872.
Subject:
US History [1]
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