What was Crédit Mobilier quizlet?

Credit Mobilier. a joint-stock company organized in 1863 and reorganized in 1867 to build the Union Pacific Railroad. It was involved in a scandal in 1872 in which high government officials were accused of accepting bribes.

What was the IWW quizlet?

The Industrial Workers of the World (IWW), members of which are commonly termed “Wobblies”, is an international, radical labor union that was founded in 1905. The philosophy and tactics of the IWW are described as “revolutionary industrial unionism,” with ties to both socialist and anarchist labor movements.

What was stock watering Apush?

“stock watering” used in order to increase the weight of cows. Forced a cow to bloat itself with water before it was weighed for sale. It enabled railroad stock promoters to inflate their claims about a given line’s assets and profitability and sell stocks and bonds in excess of the railroad’s actual value.

What happened in the Crédit Mobilier scandal?

Crédit Mobilier Scandal, in U.S. history, illegal manipulation of contracts by a construction and finance company associated with the building of the Union Pacific Railroad (1865–69); the incident established Crédit Mobilier of America as a symbol of post-Civil War corruption.

Who was involved in Crédit Mobilier and what was the purpose of this company?

But Pullman was a very strict man. Who was involved in Credit Mobilier, and what was the purpose of this company? Stockholders in the Union Pacific Railroad. It’s purpose was to lay track at two or three times the actual cost.

Who were the Wobblies quizlet?

Founded in 1905, this radical union, also known as the Wobblies aimed to unite the American working class into one union to promote labor’s interests. It worked to organize unskilled and foreign-born laborers, advocated social revolution, and led several major strikes.

Who were the Wobblies significance?

Industrial Workers of the World (IWW), byname Wobblies, labour organization founded in Chicago in 1905 by representatives of 43 groups. The IWW opposed the American Federation of Labor’s acceptance of capitalism and its refusal to include unskilled workers in craft unions.

What was stock watering as it relates to railroads?

Some people selling bonds for railroad companies inflated claims about the company’s assets and profits, enabling them to sell stocks and bonds in excess of the railroad’s actual value (“stock watering”). Many railroad titans felt they were above the law, and they abused the public by bribing judges and legislatures.