Summary[]
A scandal between the Union Pacific Railroad and Crédit Mobilier of America.
Exact Definition[]
This scandal erupted in 1872 when Union Pacific Railroad insiders formed the Credit Mobilier construction company and then hired themselves at inflated prices to build the railroad line, earning high dividends. When it was found out that government officials were paid to stay quiet about the illicit business, some officials were censured.
Importance[]
Another example of the gilded age and corruption. The government had little economic regulations over big businesses so scandals or monopolies such as this were common.
Helpful Links[]
Terms from Test 4 (Civil War and Post-War)
- Whiskey Ring
- Lincoln's 2nd Inaugural Address
- Sears and Roebuck
- Mugwumps
- “Robber Barons”
- Standard Oil
- Battle of Vicksburg
- Henry Clay Frick
- Horizontal integration
- Thomas Edison
- Bessemer Process
- Thomas Nast
- Gustavus Swift
- Thaddeus Stevens
- Black Codes
- Samuel Gompers
- Comstock Lode
- Haymarket Square Riot
- Tenure of Office Act
- Pinkertons
- Eugene V. Debs
- Scalawags
- Boss Tweed
- “New immigration”
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- Chinese Exclusion Act, 1882
- Social Darwinism
- Gospel of Wealth
- Robert E. Lee
- Gettysburg
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- Ulysses S. Grant
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- John Wilkes Booth
- Appomattox Courthouse
- Sharecropping
- Sherman’s March
- 1863 Draft Riots
- Homestead Act, 1862
- 14th Amendment
- Scrip
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- Depression of 1893
- Compromise of 1877
- Kickbacks