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Match each characteristic to the scandal it describes. Financial Panic

Crédit Mobilier
The Union Pacific Railroad company
was involved in the scandal
Congressmen accepted bribes
in the form of stock shares.
Gould and Fisk bought a huge supply
of gold in New York City.
President Grant decided to sell
$4 million in gold from the
federal reserves.
The New York Sun exposed
the story in 1872
Financial Panic
Crédit Mobilier

Match each characteristic to the scandal it describes. Financial Panic Crédit Mobilier-example-1
User Itsjef
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3 votes

Answer:

Financial Panic-

Gould and Fisk bought a huge supply of gold in New York City.

President Grant decided to sell $4 million in gold from the federal reserves.

Crédit Mobilier-

The Union Pacific Railroad company was involved in the scandal.

The New York Sun exposed the story in 1872.

Congressmen accepted bribes in the form of stock shares.

Step-by-step explanation:

Both the Financial Panic and the Credit Mobilier were two of the famous scandals to hit America during the late 19th century. These two scandals would also affect the way the government deals with economic transactions and laws, with the Credit Mobilier ending the political career of many politicians. It also exposed the corrupted politicians. Likewise, the Gould-Fisk gold debacle also brought a depreciation in the value of stocks/gold, affecting businesses, firms, and investors, especially on Wall Street.

The different characteristics of the scandals are listed as under-

Financial Panic-

Gould and Fisk bought a huge supply of gold in New York City.

President Grant decided to sell $4 million in gold from the federal reserves.

Crédit Mobilier-

The Union Pacific Railroad company was involved in the scandal.

The New York Sun exposed the story in 1872.

Congressmen accepted bribes in the form of stock shares.

User Gibbs
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