How Did The Credit Mobilier Scandal

There was only around $20 million in gold circulation so Gould thought that someone with deep enough pockets could buy up huge amounts of gold until they cornered the market and they could drive up the price and sell for crazy profits. Gould’s scheme faced one significant hurdle, President Ulysses S. Grant. The US Treasury had continued a policy of using its huge gold reserves to buy back greenbacks from the public since the beginning of Grant’s tenure as chief executive. The government set the value of gold. When it sold its supply, the price went down, and when it didn’t sell, the price went up.

During the late 1800’s the US government attempted to bring peace back to the west by reducing territorial conflict between Indian tribes and western settlers. Indian tribes were to be given land and promised goods to keep conflict at a minimum; however, pressure from the settlers and failure to provide the promised goods sparked conflicts. Sarah Winnemucca Hopkins and the people of her tribe were some of those affected by the reservation policy’s failures. Sarah Winnemucca Hopkins did have a claim to demand her tibe’s land back because of her background, reservation laws in place, and reperations for how badly her tribe was treated. Sarah had a claim to demand the tribe’s land back simply due to her background.

Being so familiar with stocks Gould noticed fluctuation in gold prices and devised a plan. The intricate scheme would allow Gould to essentially control the gold supply in America, which would mean he could influence the entire national economy. Gould's plot could only work if while driving up the prices the federal government chose not to sell gold reserves. To sideline the Treasury Department, Gould was at it again bribing officials in the federal government, including a relative of President Ulysses S. Grant. September 24, 1869, the price of gold began to rise and a panic ensued on Wall Street.

The Dawes Allotment Act of 1887 authorized individual allotment of reservation lands to to be tribal citizens and granted citizenship to the allotte upon the termination of the trust status of the land. This created a checkerboard map where Native Americans were mixed with whites. Hence the word, "checkerboard" effect. The Act affected Natives by taking away millions of acres of their land. Furthermore, this Act is the reason why many Native land is separated into nations.

Trust busting He believed WALL STREET FINANCIERS and powerful

He had been asked to join because the prestige of his name might attract potential clients. So Grant showed up at his office on Wall Street several times per week, smoking cigars and meeting prominent businessmen. He had long cultivated a serious smoking habit: author Charles B. Flood, in his work Grant’s Final Victory, claims that the ex-president consumed twenty-five Cuban cigars per day. What the Grants did not know was that Ferdinand Ward was running a Ponzi scheme right under their noses. Ward provided his business partners with fraudulent information and “cooked” books so that the nature of his activities might remain undetected.

The Indians were forced to move west, Andrew Jackson offered the Indians the same amount of land, but that wasn’t the point. The Indians couldn’t care less on the land in the west. That land they were on was their sacred land. Overall the Native Americans were given the same amount of land that didn’t allow Jackson or the government to take

It also took away the tribal ownership of most tribes. The act moved Indian families onto their own land, and took away Indian children away from their families and sent them to boarding

The Indian Removal Act started in the 1830’s. The indians occupied millions of acres of land in the United States. The two opposing debates formed off of three questions: If the indians were moved, would the effort to civilize the indians be useless? Does the land occupied by the tribes belong to them, or does the land belong to white Americans? How could they prevent the extinction of Native American tribes?

Since the Whites took the Indians main source of food away, they were able to use this to their advantage by forcing Indians onto reservations where they would provide them food. If the Indians didn't go to these reservations

Under this system Indians were regarded as part of the land: When land grants were made to settlers, the native inhabitants became a part of the grant. As property of the landowners, they could be forced to work without being technically enslaved. At the same time they were to be converted to Christianity by the local

Which scared off investors and began to sell off their investments that they had in American projects which were particularly railroads. The panic of 1873 happened so fast and so sudden on the other side of the world, and it arrived at the United States in a blink of an eye. The stock market came crashing down as fast as

Enron, a commodity and energy based service company was in trouble for removing a huge amount of debt from their balance sheet. As a result, the shareholders of Enron lost $74 billion. Many employees lost their jobs. Many investors and employees lost their retirement savings. It is one of the most cited accounting scandals of all time.

Consumers spent outside of what they could afford, and companies over-produced to keep up with this demand. Financial institutions became heavily involved in stock market speculation. In some cases, they created subsidiaries that offered their own securities. Brokers secretly sold their own stocks — what would be a clear conflict of interest today. Many investors weren't making choices based on research or fundamentals — they were just gambling that the stock would keep going up.

After the economical boom through the 1920s, the USA suffered from scandalous events. The Wall Street Crash in 1929 was due to a damaged and shattered economy. One of the main factors that caused it was speculation. However, it wasn't the only one. Many factors damaged economy along speculation and led to the disastrous crash.