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How was the transcontinental railroad financed?

Updated: 9/17/2021
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6y ago

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The transcontinental railroads was financed by the Railway Act of 1863, which financed the construction of the railroad through loans and land grants.

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Horace Hill

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Q: How was the transcontinental railroad financed?
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The railroad companies financed the first transcontinental railroad by taking a loan through what company?

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