Credit Mobilier Of America Case Study
Credit Mobilier (1867)- Credit Mobilier of America was a construction company working on building the Transcontinental Railroad but inflated their prices by as much as 348%. The scandal they soon became associated with arose when they bribed congressmen with stock to make them look the other way. This was common behind closed doors of the Gilded Age but what made it so known is that politicians got caught in the mess. Credit Mobilier is scored as the least bad because it wasn’t particularly exceptional as most businesses were involved in similar ethical corruption. What made it a scandal was the revealing of the involvement of congressmen, which showed the corruption of the government and why they swayed in favor of the businesses who bribed
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To promote their ideas they sent candidates into the 1876, 1880, and 1884 elections but their ideas weren’t popular enough. They eventually switched strategies and promoted money backed by silver since people would be more confident if their money was backed. The development of the Greenback Party was neutral because debtors persisted demanding inflation and created a voice for the large mass of people who were in debt, however, their efforts proved to be primarily ineffective such as with the Sherman Antitrust …show more content…
Hayes because they sought someone who was untouched by the corruption of the Grant Administration, and the Democrats nominated Samuel J. Tilden. The majority of the citizens voted for Tilden but he needed one electoral vote from South Carolina, Florida, and Louisiana which were the last ex-confederate states to contain Federal troops. As a result, a special electoral commission was created to determine the votes which ended up being granted to Hayes. Enraged, the Democrats threatened to send the election to the House of Representatives which they controlled. The Election of 1876 is scored as neutral because meant to counter the corruption during Grant’s presidency but lead to the disintegration of the protection of African Americans with the Compromise of 1877 demand to stop regulating Republican laws in the
To promote their ideas they sent candidates into the 1876, 1880, and 1884 elections but their ideas weren’t popular enough. They eventually switched strategies and promoted money backed by silver since people would be more confident if their money was backed. The development of the Greenback Party was neutral because debtors persisted demanding inflation and created a voice for the large mass of people who were in debt, however, their efforts proved to be primarily ineffective such as with the Sherman Antitrust …show more content…
Hayes because they sought someone who was untouched by the corruption of the Grant Administration, and the Democrats nominated Samuel J. Tilden. The majority of the citizens voted for Tilden but he needed one electoral vote from South Carolina, Florida, and Louisiana which were the last ex-confederate states to contain Federal troops. As a result, a special electoral commission was created to determine the votes which ended up being granted to Hayes. Enraged, the Democrats threatened to send the election to the House of Representatives which they controlled. The Election of 1876 is scored as neutral because meant to counter the corruption during Grant’s presidency but lead to the disintegration of the protection of African Americans with the Compromise of 1877 demand to stop regulating Republican laws in the