The treaty — setting the price at $7.2 million , or about $125 million today — was negotiated and signed by Eduard de Stoeckl, Russia’s minister to the United States, and William H. Seward, the American secretary of state.
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.
The purchase of Alaska was called Seward’s Folly because it was considered to have been a mistake. The U.S. Secretary of State at the time, William H. Seward , arranged the deal for the United States to purchase Alaska from Russia. The discovery of gold in Alaska was the first sign of its actual value.
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.
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.
Some historians regard the transaction as a short-sighted blunder by Czar Alexander II, giving up Alaska’s rich natural resources, particularly its oil and gas, for $7.2 million – about $125 million (£100 million) in today’s money.
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.
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 .
If Russia hadn’t sold Alaska to the US in 1867 It would have passed into American hands in 1906 or 1907. After getting whooped by Japan in 1905, Russia was revealed as a waning power, and it was unable to reinforce any units in the Pacific.
Russia did not sell Alaska to the United States in 1867. The Russia government only leased the region to the U.S. for an indefinite span of time. Now there are many in Russia who think the span has run its course, and they want Alaska back . It is a favorite theme of extreme Russian nationalists.
1 Answer. United States acquisition of Hawaii enabled the American Navy to access Hawaii’s naval base, Pearl Harbor. Acquisition of Alaska enabled the United States to expand, find valuable resources and become more of a world power.
On October 18, 1867, the U.S. formally takes possession of Alaska after purchasing the territory from Russia for $7.2 million, or less than two cents an acre. Negotiations between Seward (1801-1872) and the Russian minister to the U.S. , Eduard de Stoeckl, began in March 1867.
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.
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.