History Today subscription

Alaska: Russia's Folly

Louis C. Kleber describes how the United States purchased Alaska from the Russian Government at a price of just two cents an acre.

The US $7.2 million cheque used to pay for Alaska (worth $121 million today)On March 30th, 1867, the American Secretary of State, William H. Seward, signed a treaty with the Russian Minister, Baron Edouard de Stoeckl, to conclude what was perhaps the shrewdest purchase in history – Alaska, 586,400 square miles of land, furs, fish, timber, minerals and gold. The price was $7,200,000; just two cents an acre.

The purchase of Alaska was the sole triumph among Seward's expansionist projects. Although he had successfully opposed the French in Mexico and Maximilian's puppet empire, there was little support when it came to his own efforts to extend the American sphere. A country just recovering from a murderous civil war could hardly be excited about the prospect of acquiring the Danish West Indies or Santo Domingo. Tentative negotiations were fruitless.

To continue reading this article you will need to purchase access to the online archive.

Buy Online Access  Buy Print & Archive Subscription

If you have already purchased access, or are a print & archive subscriber, please ensure you are logged in.

Please email digital@historytoday.com if you have any problems.

 

X

Get Miscellanies, our free weekly long read, in your inbox every week