There are many ways of how a corrupted country is hampering the economic development. Corruption is stealing the wealth of the nation, and it is impoverishing its people. The economic growth rate is depending on the corruption rate, the higher the corruption rate is in one country, the lower its economic growth will be. Corruption affects one country not only by reducing the investment and the economic growth as we already mentioned, but also by providing poor maintenance of public infrastructure and by reducing foreign direct investment. Insidermonkey experts made a list of 10 most corrupt politicians in US history.
We have picked one politician from their list. Boss Tweed was the New York’s corruption king. During the years of corruption, his associates established a network of corruption. This system later became known among people as the “Tweed Ring.” Even though he wasn’t a lawyer, Tweed opened a law office back in 1860, and he used it for receiving large payments for his ‘legal services’ from corporations. Shortly after he opened the office, he gathered an insane amount of illegal cash, and he used it to buy acres of Manhattan’s real estate. If you want to learn more about corrupted presidents, make sure to read our list of Most Corrupt US Presidents in History.
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