Alaska Purchase Price Today
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How to fill out Alaska Lease Purchase Agreements Package?
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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. Check for the Purchase of Alaska (1868) - National Archives | National Archives | (.gov) ? milestone-documents ? ch... National Archives | (.gov) ? milestone-documents ? ch...
The Alaskan Purchase Today, Alaska is worth much more than that, even accounting for inflation. The state encompasses 586,412 square miles, or more than 375 million acres. 2 Even at a cost of just $100 per acre, that would equate to more than $37 billion.
Seward had a broad vision of commercial expansion of the United States, particularly in China and the Pacific, and as early as 1864 he had suggested to the Russian government that talks about Alaska "would be beneficial to us, and by no means unprofitable to Russia." Seward's Bargain: The Alaska Purchase from Russia archives.gov ? winter ? alaska-check archives.gov ? winter ? alaska-check
Around $120 million After an all-night negotiating session, the treaty was signed at 4am on March 30th, 1867. The agreed price was $7.2 million, equivalent to around $120 million today, which works out at about two cents an acre. The Alaska Purchase | History Today historytoday.com ? archive ? months-past historytoday.com ? archive ? months-past
President Andrew Johnson The Senate approved the treaty of purchase on April 9; President Andrew Johnson signed the treaty on May 28, and Alaska was formally transferred to the United States on October 18, 1867. 1866?1898: Purchase of Alaska, 1867 - History State Gov U.S. Department of State (.gov) ? milestones ? alaska-purchase U.S. Department of State (.gov) ? milestones ? alaska-purchase