it provided federal support for the building of the first transcontinental continental railroad and allowed the government to grant public land and issue bonds to fund construction of the railroad
The Pacific Railway Act was signed into law by President Abraham Lincoln on July 1, 1862.
it launched a natonal effort to connect the east and west by rail
The Pacific Railway Act. It was NOT the Homestead act.
1862 congress passed the pacific railway act
President Abraham Lincoln is the founder. He signed the act into law on July 1, 1862.
The Pacific Railway Act of 1862 was a subsidy act for the Pacific Railroad because they could not afford to build the transcontinental railway. The US Congress considered it a military necessity. This would allow troops to move quickly against Native Tribe problems and also to secure the West for the Union. Another goal was to stimulate trade with Asia, allowing products to move from both coasts.
On May 20, 1862, the Homestead Act accelerated Western Territory settlement by granting adult heads of families 160 acres of public land for 5 years. The same year, the Pacific Railway Act allowed the Union Pacific Railroad and the Central Pacific Railroad to build a railroad and telegraph line between Omaha, Nebraska and Sacramento, California.
The Portpatrick Railway was created in 1862.
Bangladesh Railway was created in 1862.
Gorky Railway was created in 1862.
Carnarvonshire Railway was created in 1862.
Murom Railway was created in 1862.