Alaska Lease Agreement With Russia
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FAQ
Alaska is the 49th state of the United States. However, it was a part of Russia till 1867. 154 years ago, Russia had to sell Alaska to America at a meagre price of $7.2 million. But now, the estimated GDP of Alaska is estimated to be around $50 billion.
On March 30, 1867, the two parties agreed that the United States would pay Russia $7.2 million for the territory of Alaska. For less that 2 cents an acre, the United States acquired nearly 600,000 square miles.
Alaska was a territory of the Russian empire in the late 18th and 19th centuries but was purchased by the U.S. in 1867 for $7.2 million. Fort Ross, located near San Francisco, was sold to a private buyer in 1841. Russia has never formally asserted claims to Alaska or land in California.
Defeat in the Crimean War further reduced Russian interest in this region. Russia offered to sell Alaska to the United States in 1859, believing the United States would off-set the designs of Russia's greatest rival in the Pacific, Great Britain.
On March 30, 1867, the United States reached an agreement to purchase Alaska from Russia for a price of $7.2 million. The Treaty with Russia was negotiated and signed by Secretary of State William Seward and Russian Minister to the United States Edouard de Stoeckl.
