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The Transcontinental Railroad Acts, also known as the Pacific Railroad acts, were acts passed in the early 1860s to encourage the construction of the transcontinental railroad. Construction was incentivized by giving land and bonds to the railroad companies.
To Encourage rapid construction
The Pacific Railway Acts granted railroad companies large land grants and federal loans to encourage the construction of the Transcontinental Railroad. This helped the companies financially and allowed them to acquire vast territories for future development. The Acts also provided the government the authority to oversee and regulate the construction of the railroad.
Railroad Builders received loans and grants from the federal government.
False. Congress supported the construction of the transcontinental railroad with U.S. government bonds and land grants of government-owned land.
The government gave railroad companies large pieces of land.
The government gave railroad companies huge pieces of land.
Troop movement
It was built by two separated companies. Its construction was funded by mainly the government. It was connected in Promontory Summit, Utah, May 10, 1869.
from the government
The government subsidized (giving money) the building of tracks and then the companies used that money to build more tracks.
The Government granted the Eastern and Pacific Railroad Companies subsidies to help them expand.