The Credit Mobilier Scandal

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Post Civil War industrialized America was full of new inventions and systems of business. Unfortunately many of these corporations that were started had corrupt leaders. Starting with the credit mobilier in the railroad industry to Jay Cooke in the finance industry and Carnegie in the steel industry. Most of these corporations created many jobs for Americans and the immigrants entering the US but they also gave them bad working conditions and low wages so that they could make as much profit as possible. Many historians call these leaders of the corporations the “robber barons”. The Credit Mobilier scandal: - Started with no regulation on what railroad companies were spending and who they were hiring. - The Union Pacific Railroad
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