HISTORY OF THE CANADIAN PACIFIC RAILWAY
THE HISTORY OF THE CANADIAN PACIFIC RAILWAY In 1871 when British Columbia entered into Canadian confederation, it was important that a transcontinental railway line was to be constructed within ten years. ... Macdonald thought that a railway would start western settlement and expansion. The proposed railway line represented a huge amount for a nation of only three and a half million people. On February 15, 1881, incorporation of the Canadian Pacific Railway was approved. Since then, plans on the construction of the railway have started. Plans on the Railway Several serious problems would have to be overcome before the railway could be constructed. ... In 1883, a $20 million dollar loan had to be acquired by the Canadian government to complete the rail line. In 1885, the CPR again ran out of money because of the huge amounts of money to cover the costs of the last difficult section, which went through the Rocky Mountains and the Canadian Shield.