Alaska Purchased For How Much
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FAQ
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.
In Alaska, the Americans foresaw a potential for gold, fur and fisheries, as well as more trade with China and Japan. The Americans worried that England might try to establish a presence in the territory, and the acquisition of Alaska ? it was believed ? would help the U.S. become a Pacific power.
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.
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.
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."