Question

The Crédit Mobilier scandal came to light in 1872 as President Ulysses S. Grant was running for his second term. This scandal involved businessmen and several members of Congress who illegally profited from which industry?

Answer 1

The Crédit Mobilier scandal involved illegal profiting from the railroad industry by businessmen and members of Congress.

Step-by-step explanation:

The Crédit Mobilier scandal of 1872 involved businessmen and several members of Congress illegally profiting from the railroad industry. Crédit Mobilier of America, a construction company involved in building the Union Pacific Railroad, used funds it received to buy Union Pacific Railroad bonds and resell them at a significant profit. Some members of Congress, including Vice President Schuyler Colfax, accepted funds from Crédit Mobilier in exchange for delaying an inquiry.