How much did the United States pay Russia in 1867 to purchase Alaska?
$7.2 million
$117.4 million
$314.7 million
$1.3 billion
Fact: In 1867, the United States purchased Alaska from Russia for $7.2 million, a deal often referred to as “Seward’s Folly” after Secretary of State William H. Seward, who negotiated the treaty. At the time, many Americans considered the territory barren and worthless, mocking the purchase as a waste of money. However, the acquisition proved to be an incredible bargain, as Alaska later became a rich source of natural resources such as gold, oil, and fish. Today, it is regarded as one of the most shrewd land purchases in U.S. history.
Correct Answer: $7.2 million