How much did the USA pay Russia to buy the territory of Alaska, and was it a good deal ?|105177

Also would be interesting to have a rough estimate of equivilent of the modern day money price the USA paid for Alaska, back whenever they originally bought it. Thx.

$7.2 million at 1868 value. Don_t know what that converts to in 2007 dollars American.

Alaska Purchase

Acquisition in 1867 by the U.S. from Russia of 586,412 sq mi (1.5 million sq km) at the northwestern tip of North America, comprising the current U.S. state of Alaska. The territory, held by Russia since 1741, was considered an economic liability, and in 1866 it was offered for sale. Pres. Andrew Johnson_s secretary of state, William Seward, negotiated its purchase for $7.2 million, or about two cents per acre. Critics labeled the purchase ��Seward_s Folly.�� Congressional opposition delayed the appropriation until 1868, when extensive lobbying and bribes by the Russian minister to the U.S. secured the required votes.

-dh

George Seward, the American Secretary of State who bought Alaska from the Russians in 1867 for 7.2 million dollars. (Even though this worked out at roughly two cents an acre it was not a popular purchase and the territory was referred to at the time as _Walrussia_ and _Seward_s Ice Box_.)

I believe it was one dollar. but I may be wrong.

millions of us dollars, it was really a good deal

it cost the US a penny an acre

William H. Seward, the U.S. Secretary of State, engineered the Alaskan purchase in 1867 for $7.2 million. That is only 2 cents an acre. I couldn_t find any information about how much 7.2 million dollars would be worth today but it was definitely a great deal for the US. Alaska was a strategic location during the cold war since it is so close to Russia.