U.S. Purchased Alaska from Russia in 1867 Deal

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On March 30, 1867, the United States agreed to purchase Alaska from Russia for $7.2 million, securing the vast territory that was initially mocked as "Seward's Folly." But the acquisition would prove transformative, as Alaska became rich in natural resources like gold, oil, and fisheries, and also gained strategic importance for national defense and global positioning.

Why it matters

The purchase of Alaska was a pivotal moment in U.S. history, expanding the country's borders and resources in a way that would have long-lasting impacts. It demonstrated the foresight of Secretary of State William H. Seward, whose vision for the deal was initially criticized but ultimately proved visionary.

The details

Secretary of State William H. Seward negotiated the deal to purchase Alaska from Russia for $7.2 million, which equated to roughly two cents per acre. At the time, many critics mocked the purchase as "Seward's Folly," questioning the value of the remote land. However, Alaska would go on to prove rich in natural resources, including gold, oil, and fisheries, and would also become strategically vital for national defense and global positioning.

• On March 30, 1867, the United States agreed to purchase Alaska from Russia.

What’s next

The purchase of Alaska would have long-lasting impacts on the United States, expanding the country's borders and resources in a way that would prove transformative for the nation.