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The Crédit Mobilier scandal (French pronunciation: [kʁedi mɔbilje]) was a two-part fraud conducted from 1864 to 1867 by the Union Pacific Railroad and the Crédit Mobilier of America construction company in the building of the eastern portion of the first transcontinental railroad from the Missouri River to Utah Territory.
Crédit Mobilier was a French banking company founded in 1852 by the Pereire brothers, and involved in financing railroads and other infrastructure projects worldwide. It faced a severe crisis in 1866 and was reorganized in 1902 as Crédit mobilier français.
26 kwi 2010 · The Crédit Mobilier scandal of 1872‑1873 damaged the careers of several Gilded Age politicians. Major stockholders in the Union Pacific Railroad formed a company, the Crédit Mobilier of ...
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.
25 lut 2022 · Learn about the fraudulent manipulation of contracts for the construction of the Transcontinental Railroad by Union Pacific executives and their fictitious company Crédit Mobilier of America. Find out how they swindled the US government, bribed politicians, and ruined the reputations of several prominent businessmen and politicians.
Credit Mobilier was a financial company established in the 1860s that played a significant role in the construction of the Union Pacific Railroad, known for its involvement in one of the largest corruption scandals in U.S. history.
Learn about the corruption and fraud that surrounded the Union Pacific Railroad in the Reconstruction era. Find out how government officials, including future president James Garfield, were involved in the Crédit Mobilier affair.
