Answer :
Final answer:
The Pacific Railroad Act of 1862 established the Pacific and Central Pacific Railroads, providing loans to railroad companies.
Explanation:
The Pacific Railroad Act of 1862 was a significant piece of legislation that:
- Established the Pacific Railroad - This act authorized the construction of the first transcontinental railroad.
- Established the Central Pacific Railroad - One of the two companies assigned to build the transcontinental railroad.
- Gave loans to railroad companies - Providing financial support for the construction of the railway network.
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Answer:
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Explanation:
The Pacific Railroad Act of 1862 did the following:
- Gave land to railroad companies
- Gave loans to railroad companies