The Credit Mobilier Scandal

What was the primary purpose of the Credit Mobilier of America as described in the article?

• To build railroads for the government

• To garner profits from railroad construction without high-stake risks

• To provide loans to railroad companies

• To regulate railroad construction

Who was the Union Pacific executive responsible for the Credit Mobilier scandal?

• Herbert M. Hoxie

• Thomas Durant

• John D. Rockefeller

• Andrew Carnegie

Who was ousted from the Credit Mobilier board by Oliver and Oakes Ames?

• Ulysses S. Grant

• Thomas Durant

• James Garfield

• Henry Wilson

What was the main reason for the scandal involving Oakes Ames in 1872?

• Mismanagement of construction contracts

• Distribution of stock to legislators

• Failure to complete railroad tracks

• Embezzlement of funds

Who was the Speaker that turned down Credit Mobilier stock and moved for Congress to investigate the charges?

• Oakes Ames

• James Blaine

• Charles Francis Adams Jr.

• James Brooks

What was the outcome for the Credit Mobilier's scoundrels after the investigation?

• They were imprisoned

• They were fined

• No criminal or civil charges were filed

• They were exiled