USA HISTORY

Detailed explanation-1: -The Pacific Railway Act, which became law on July 1, 1862, offered government incentives to assist “men of talent, men of character, men who are willing to invest” in developing the nation’s first transcontinental rail line.

Detailed explanation-2: -The Pacific Railway Act of 1862 had three major effects. It released money to the railroad companies at a faster rate than had previously been arranged. It also increased the size and frequency of the land grants given to the companies and allowed them to sell bonds on their own behalf.

Detailed explanation-3: -1883. Geography and Map Division. The Pacific Railway Act was signed into law by President Abraham Lincoln on July 1, 1862. This act provided Federal government support for the building of the first transcontinental railroad, which was completed on May 10, 1869.

Detailed explanation-4: -Which event happened prior to the signing the Pacific Railroad Act in 1862? Asa Whitney requested the right to build a transcontinental railroad.

Detailed explanation-5: -The Act aided in the construction of a railroad and telegraph line from the Missouri River to the Pacific Ocean and secured the use of that line to the government. The legislation authorized two railroad companies, the Union Pacific and the Central Pacific, to construct the lines.