Credit Mobilier
Encyclopedia
Credit Mobilier may refer to:
- Crédit MobilierCrédit MobilierCrédit Mobilier was a French banking company, and one of the most important financial institutions of the world during the 19th century. It had a major role in the financing of numerous railroads and other infrastructure projects in Europe, North Africa and the Middle East by mobilizing the savings...
, a large French bank - Crédit Mobilier of America, an American railroad construction company setup by the Union Pacific Railroad to build the First Transcontinental Railroad in the 1860s (there was no connection of Crédit Mobilier of America with the French bank, the name was selected to give the appearance of credibility)
- Crédit Mobilier of America scandalCrédit Mobilier of America scandalThe Crédit Mobilier scandal of 1872 involved the Union Pacific Railroad and the Crédit Mobilier of America construction company in the building of the First Transcontinental Railroad. The distribution of Crédit Mobilier shares of stock by Congressman Oakes Ames along with cash bribes to...
of 1872, the exposed deception by the Union Pacific of over charging construction costs to taxpayers and manipulating the share prices of Crédit Mobilier of America