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The purchase of Alaska has been referenced as a "bargain basement deal" and as the principal positive accomplishment of the otherwise much-maligned presidency of Andrew Johnson. Economist David R. Barker has argued that the US federal government has not earned a positive financial return on the purchase of Alaska. According to Barker, tax ...
Mar 30, 2017 · Why the Purchase of Alaska Was Far From ‘Folly’. Though mocked by some at the time, the 1867 purchase of Alaska came to be regarded as a masterful deal. By: Jesse Greenspan.
- Jesse Greenspan
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May 2, 2024 · Alaska Purchase, acquisition in 1867 by the U.S. from Russia of 586,412 square miles of land at the northwestern tip of the North American continent, comprising the current U.S. state of Alaska. The $7.2 million purchase was orchestrated by U.S. Secretary of State William Seward and branded ‘Seward’s Folly.’.
- The Editors of Encyclopaedia Britannica
The Senate approved the treaty of purchase on April 9; President Andrew Johnson signed the treaty on May 28, and Alaska was formally transferred to the United States on October 18, 1867. This purchase ended Russia’s presence in North America and ensured U.S. access to the Pacific northern rim.
Nov 24, 2009 · Andrew Johnson. Public opinion of the purchase turned more favorable when gold was discovered in Nome, Alaska, in 1899, sparking a gold rush. Alaska became the 49th state on January 3,...
The territory, held by Russia since 1741, was considered an economic liability, and in 1866 it was offered for sale. Pres. Andrew Johnson’s secretary of state, William Seward, negotiated its purchase for $7.2 million, or about two cents per acre. Critics labeled the purchase “Seward’s Folly.”
Oct 29, 2009 · During Andrew Johnson’s presidency, his secretary of state, William Seward, negotiated the purchase of Alaska from Russia for $7.2 million. At the time of the 1867 deal, critics dubbed it...
