Yes, that is the idea. The jacks are very heavy steal, with plates at top and bottom, and a threaded rod at one end. They telescope to several interim lengths, you choose the length that is just short of your overall height from floor-to-joist. Then you turn the threaded rod until tight between floor and joist, and turn a bit more to either add just a touch of support or a bit more beyond that to lift out a sag. By using a number of these, you can end up with a very rigid, very strong, floor.
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