Lesson 27 of 84 · Westward Expansion
⭐ 30 XPAlaska Purchase: Seward's Folly
The Alaska Purchase, often referred to as 'Seward's Folly,' was the acquisition of Alaska from Russia in 1867 for $7.
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Then & Now
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The Alaska Purchase, often referred to as 'Seward's Folly,' was the acquisition of Alaska from Russia in 1867 for $7.2 million. Secretary of State William H. Seward was instrumental in negotiating the purchase, which many Americans initially criticized as a waste of money for 'a barren wasteland.' However, the discovery of gold, oil, and other natural resources in Alaska later proved the purchase to be a strategic and economically beneficial decision. The Alaska Purchase not only expanded U.S. territory but also exemplified the nation's growing ambitions in global politics and resource acquisition.
Key Facts
The U.S. purchased Alaska from Russia for $7.2 million.
The acquisition was initially criticized as 'Seward's Folly.'
Alaska is rich in natural resources, including oil and gold.
Check Your Understanding
Question 1
1 of 2How much did the U.S. pay for Alaska?
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