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8090 [49]
3 years ago
6

How did railroad companies profit from the building of the transcontinental railroad?

History
2 answers:
Flura [38]3 years ago
5 0

d . by selling their own government-granted land to farmers

bija089 [108]3 years ago
3 0

The correct answer is D) by selling their own government-granted land to farmers.

Railroad companies profit from the building of the transcontinental railroad by selling their own government-granted land to farmers.

With the passing of the Pacific Railway Act of 1862, the United States government authorized two companies to build the Transcontinental Road: the Union Pacific and the Central Pacific. These companies made possible the connection of the East with the West of the United States. The works ended in 1869, when both railroads met at Promontory, Utah, on May the 10th.

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By forming a cartel, they would have more control over what price to charge other nations which would allow for more revenue to come into these countries. OPEC also uses its influence to impart global issues as they once refused to sell oil to western nations unless those nations criticized and restricted support for Israel.

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