The Credit Mobilier Scandal: Exposing Corruption in America's Transcontinental Railroad History | Political & Business Ethics Case Study for Historians

Unveiling the 19th Century Scandal that Shook the Foundations of American Politics and FinanceThe Credit Mobilier Scandal of the 1870s stands as one of the most infamous episodes of corruption in American history. It focused on the Union Pacific Railroad and the Credit Mobilier of America construction company, which was founded by Union Pacific executives. These CEOs manipulated contracts and finances to extract large profits, enriching themselves at the expense of taxpayers and shareholders. The scandal spread to the highest levels of government, compromising several members of Congress and even the Vice President. When the scandal emerged, it exposed a complicated web of bribery, deception, and corporate greed, undermining public trust in both government and corporate America. This scandal highlighted the vulnerabilities of unchecked capitalism and the urgent need for transparency and accountability in both business and politics.