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The Official "Date of Completion" of the Transcontinental Railroad under the Provisions of the Pacific Railroad Act of 1862, et seq., as Established by the Supreme Court of the United States to be November 6, 1869. (99 U.S. 402) 1879 Central Pacific Railroad Photographic History Museum
The Northern Pacific Railway (NP) was a transcontinental railroad that operated across the northern tier of the western states, from Minnesota to the Pacific Northwest. It was approved by Congress in 1864 and given nearly 40 million acres (62,000 sq mi; 160,000 km2) of land grants, which it used to raise money in Europe for construction.
The first concrete plan for a transcontinental railroad in the United States was presented to Congress by Asa Whitney in 1845. [13] A series of transcontinental railroads built over the last third of the 19th century created a nationwide transportation network that united the country by rail.
The first of the Pacific Railroad Acts is signed into law by President Lincoln, authorizing the issuance of land grants, government bonds, and rights-of-way to two newly incorporated railroad companies, Union Pacific and Central Pacific, for the purpose of constructing the western half of the nation's first transcontinental railroad.
This was the first railroad manufacturing facility in the U.S., and the company built locomotives, railroad cars, iron bridges and other equipment there. [ 31 ] : 208 Following the B&O example, U.S. railroad companies soon became self-sufficient, as thousands of domestic machine shops turned out products and thousands of inventors and tinkerers ...
Construction of the road was financed primarily by 30-year, 6% U.S. government bonds authorized by Sec. 5 of the Pacific Railroad Act of 1862.They were issued at the rate of $16,000 ($265,000 in 2017 dollars) per mile of tracked grade completed east of the designated base of the Sierra Nevada range near Roseville, CA where California state geologist Josiah Whitney had determined were the ...
The Land Grant Act of 1850 [1] provided for 3.75 million acres of land to the United States to support railroad projects; by 1857 21 million acres of public lands were used for railroads in the Mississippi River valley, and the stage was set for more substantial Congressional subsidies to future railroads.
America's first transcontinental railroad (known originally as the "Pacific Railroad" and later as the "Overland Route") was a 1,911-mile (3,075 km) continuous railroad line built between 1863 and 1869 that connected the existing eastern U.S. rail network at Council Bluffs, Iowa, with the Pacific coast at the Oakland Long Wharf on San Francisco Bay. [1]