This form is a full, final and absolute release. The releasor acquits and discharges the releasee from any and all claims arising out of a fire and the cancellation of an insurance policy. The releasee does not admit any liability, but expressly denies the same. Also, no representations as to damages or liability have been made.
Alaska Full, Final and Absolute Release
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US-61438
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FAQ
The purchase added 586,412 sq mi (1,518,800 km2) of new territory to the United States for the cost of $7.2 million 1867 dollars. In modern terms, the cost was equivalent to $133 million in 2020 dollars or $0.37 per acre.
With this check, the United States purchased Alaska from Russia for $7.2 million.
The Alaska Native Claims Settlement Act (ANCSA) was enacted into law on December 18, 1971. This Act was intended to settle outstanding land claims and establish clear title to Alaska's land and resources.
Alaska Natives wanted full control over their lands rather than having them subject to federal jurisdiction as are reservation lands. Congress, on the other hand, saw the land claims settlement as a means to assimilate Alaska Natives into larger American society.
Rather than designating reservations held in trust by the United States government, as the majority of tribes in the Lower 48 have, the Alaska Native Claims Settlement Act created 12 regional profit-making Alaska Native corporations and over 200 village, group, and urban corporations to receive what would end up being
Passage of the Act was necessary, because the pipeline could not be built across Alaska until it was determined who owned the land. Congress would settle Native land rights on the basis of how much money and land Alaska Natives needed. ANCSA extinguished aboriginal title to lands in Alaska.
ANCSA extinguished aboriginal land title in Alaska. It divided the state into twelve distinct regions and mandated the creation of twelve private, for-profit Alaska Native regional corporations and over 200 private, for-profit Alaska Native village corporations.
1966: The Alaska Federation of Native is formed to advocate for a land claims settlement. The Alaska Federation of Natives (AFN) formed in 1966 in response to the land claims issues that were being brought forth by various organized Alaska Native groups.
The oil companies got their right-of-way for the pipeline. They also wanted to lease more lands for oil exploration. ANCSA finally cleared up the question of who owned the land and who to lease it from. So, the federal government, state government, and the oil companies were all satisfied with ANCSA (Laster, 1986).
Russia wanted to sell its Alaska territory, which was remote and difficult to defend, to the U.S. rather than risk losing it in battle with a rival such as Great Britain. Negotiations between Seward (1801-1872) and the Russian minister to the U.S., Eduard de Stoeckl, began in March 1867.