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The $15 millionthe equivalent of about $342 million in modern dollars, and long viewed as one of the best bargains of all timetechnically didn't purchase the land itself.
As a result of this treaty, the nation doubled in size, adding territory that would become the states of Louisiana, Arkansas, Missouri, Iowa, Oklahoma, Kansas, Nebraska, North Dakota, South Dakota, and parts of Minnesota, New Mexico, Montana, Wyoming, and Colorado. The vote was 24 to 7.
The Louisiana Purchase was the purchase of imperial rights to the western half of the Mississippi River basin from France by the United States in 1803. The deal granted the United States the sole authority to obtain the land from its indigenous inhabitants, either by contract or by conquest.
Louis. The Missouri History Museum and the National Archives partnered to organize the exhibition, which features the original Louisiana Purchase Treaty of 1803, on loan from the National Archives.
Louisiana Purchase Negotiations It's believed that the failure of France to put down a slave revolution in Haiti, the impending war with Great Britain and probable British naval blockade of France combined with French economic difficulties may have prompted Napoleon to offer Louisiana for sale to the United States.
You'd arrive at more than $51 billion 1973 dollars, or more than a quarter trillion today. Even at $2.6 billion for all of itor $8.5 billion, adjusted for inflationthe Louisiana Purchase remains an unbelievable steal.
On April 30, 1803, representatives of the United States and Napoleonic France conclude negotiations for the Louisiana Purchase, a massive land sale that doubles the size of the young American republic.
The total of $15 million is equivalent to about $323 million in 2020 dollars, or 61 cents per acre.
8 Things You May Not Know About the Louisiana PurchaseFrance had just re-taken control of the Louisiana Territory.The United States nearly went to war over Louisiana.The United States never asked for all of Louisiana.Even that low price was too steep for the United States.