Land+Grants.mdff


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= LAND GRANTS = Without the assistance of the U.S. government, railroad construction between 1860 and 1900 would have been greatly curtailed. Building a railroad was an expensive venture. Private banks, fearing the railroad companies would need a long time to pay off their debts, were reluctant to loan money to the companies. To remedy the situation, Congress provided assistance to the railroad companies in the form of land grants. The land grant railroads, receiving millions of acres of public land, sold the land to make money, built their railroads, and contributed to a more rapid settlement of the West. As well as with all this new land being granted for profit, where the word 'profit' is present so are Robber Barons.
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