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165279.  Thu Apr 12, 2007 9:32 am Reply with quote

Exchanges/ Expenses/Sale of Alaska

Russia sold Alaska to the USA in 1867.
At $7, 2 million, it was the USA's best ever bargain. The purchase was preceded by almost a year of congressional debates on whether to accept Russia's offer of Alaska for $ 7 million. When the decision was made, Russia asked for additional $200,000 for the ice of Alaskan lakes (ice was a precious commodity then). Reluctantly, the Americans agreed to cough up...
The Americans' “expenses” were compensated within a couple of decades.

Source: own research

A possible question here can be: What was the price of ice in Alaska in 1867?

165282.  Thu Apr 12, 2007 9:37 am Reply with quote

the USA's best ever bargain

How does this compare with the Louisiana Purchase? I'm not quibbling, just wondering.

165312.  Thu Apr 12, 2007 10:08 am Reply with quote

And what about the purchase of Manhattan? How would the value of Manhattan compare to the value of Alaska in terms of land and real estate?

165338.  Thu Apr 12, 2007 10:50 am Reply with quote

The difference here is simple: Alaska's huge territory plus the fact that it had no land border with the USA as such...


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