The purchase added 586,412 square miles (1,518,800 km2) of new territory to the United States for the cost of $7.2 million ( 2 cents per acre). In modern terms, the cost was equivalent to $132 million in 2019 dollars or $0.37 per acre.
On March 29, 1867, Stoeckl and Seward completed the draft of a treaty ceding Russian North America to the United States, and the treaty was signed early the following day. The price— $7.2 million —amounted to about two cents per acre.
Though mocked by some at the time, the 1867 purchase of Alaska came to be regarded as a masterful deal . The treaty enlarged the United States by 586,000 square miles, an area more than twice the size of Texas, all for the bargain price of around two cents an acre.
Today, Alaska is, of course, worth much more than that. 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 .
There are two main reasons. First, Canada wasn’t its own country in 1867. Second, Great Britain controlled the Canadian colonies. Russia did not want to sell Alaska to its rival.
In the end, the Soviet Union would become the rightful winners of the Russian Civil War and Alaska would be recognized as an independent country. The fall of the Soviet Union would be celebrated in Alaska , but there would not be any reunification; the United States would not tolerate Alaska being reannexed by Russia .
1867: Alaska territory purchased from Russia for $7 million. 1898: Hawaii annexed as a United States territory. 1959: Alaska and Hawaii admitted, respectively, as the 49th and 50th states of the Union.
Alaska Purchase Treaty: Primary Documents in American History. In 1867, the United States purchased Alaska from Russia for a price of $7.2 million.
This is our current list of Cheap Alaska Land for Sale, consisting of 2 residential-quality rural parcels starting at $1,906 per acre . All Parcels are in recorded developments, have legal and physical access, and a clear title. cheap land in Alaska , priced below $5,000 per acre .
ALASKA was a Russian colony from 1744 until the USA bought it in 1867 for $7,200,000. It was made a state in 1959. Hawaii was a kingdom until 1893 and became a republic in 1894. It then ceded itself to the USA in 1898 and became a state in 1959.
Interesting Facts. Russia controlled most of the area that is now Alaska from the late 1700s until 1867, when it was purchased by U.S. Secretary of State William Seward for $7.2 million, or about two cents an acre.
On this day in 1867, United States Secretary of State William Seward signed a deal acquiring Alaska , an agreement that was ridiculed by some as “Seward’s Folly” and opposed in the House. The Alaska Purchase gave the United States a land mass of 586,412 square miles, an area about twice the size of Texas.
Cost of Living in Anchorage
|Coke/Pepsi (12 oz small bottle)||2.30$|
|Water (12 oz small bottle)||1.92$|
|Milk (regular), (1 gallon )||3.87$|
The U.S. purchased Alaska from Russia in 1867. In the 1890s, gold rushes in Alaska and the nearby Yukon Territory brought thousands of miners and settlers to Alaska .
Alaska currently produces more gold (in 2015: 873,984 troy oz from hard rock mines, and 74,360 troy oz (five-year average) from placer deposits) than any state except Nevada. In 2015, gold worth $1.01 billion accounted for 37% of the mining wealth produced in Alaska.