2 years ago

Who was involved in Crédit Mobilier, and what was the purpose of this company?

1 answer:

5 0

Answer:

Credit Mobilier was a sham construction company chartered to build the Union Pacific Railroad by financing it with unmarketable bonds.

Oakes Ames of Massachusetts

James Brooks of New York

Explanation:

It provided a mechanism to dispense the immense profits from building the railroad to the board of directors and its shareholders.

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