Question

Which statement describes a legal means used by the companies that built the transcontinental railroad to finance railroad construction?

A.
They sold stock in their companies to the public.

B.
They solicited donations from towns along the rail line.

C.
They awarded construction contracts to their own companies.

D.
They filed false claims for government reimbursement.

Answer 1

The correct answer is A) They sold stock in their companies to the public.

The statement that describes a legal means used by the companies that built the transcontinental railroad to finance railroad construction is "They sold stock in their companies to the public.

With the Pacific Railroad Act of 1862, the US government gave the task to construct a transcontinental railroad that connected the East and the West of the United States. The companies were the Union Pacific Railroad and the Central Pacific. It took seven years to connect Sacramento Californi with Omaha, Nebraska. Finally, on May 10, 1869, both lines meet in Promontory, Utah.

Answer 2

The right answer for the question that is being asked and shown above is that: "C. They awarded construction contracts to their own companies." The statement that describes a legal means used by the companies that built the transcontinental railroad to finance railroad construction is that they awarded construction contracts to their own companies.