http://www.pbs.org/wgbh/amex/tcrr/sfeature/sf_scandals.html
1872
crédit mobilier was a construction company that helped build the union pacific railroad
won a contract to build 667 miles of the Union Pacific railroad
charged the railroads millions of dollars more than what building the railroads would have costed
the Union Pacific was on the verge of bankruptcy
the workers basically paid themselves to build the railroad
everyone who invested in the railroad who didn't invest in the company was left without security
it was claimed that there had been $72 million worth the contracts to the crédit mobilier for a railroad that was really only worth $53 million
vice president hollfax and congressmen
the workers charged more money than what the rail road was worth and pocketed the extra money they were getting to pay off congress
the company was made by the railroad company to bulid the railroad
we now only need 3 sources for our projects
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