Alaska Purchase: US Bought 665M Acres for $7.2 Million
In 1867, the United States bought Alaska from Russia for just $7.2 million, paying less than two cents per acre. Today, this strategic purchase stands as one of history's smartest real estate deals.
Standing atop Castle Hill in Sitka, Alaska, you can see the exact spot where America pulled off one of the greatest bargains in history.
On October 18, 1867, Russia handed over 665 million acres to the United States for just $7.2 million. That works out to less than two cents per acre, making it one of the most strategic land deals ever made.
President Andrew Johnson and Secretary of State William Seward weren't entirely sure what they were getting. But they knew one thing for certain: they didn't want Russia controlling territory just 800 kilometers from mainland America.
Russia had colonized Alaska for less than a century, primarily for the fur trade. The sprawling northern territory had become more of a financial burden than an asset, and America saw an opportunity worth seizing.
Today, the Russian influence remains visible in Sitka, where the verdigris dome of St Michael's Russian Orthodox Cathedral still rises between downtown buildings. The town was once called Novo-Arkhangelsk (New Archangel) and served as Russian America's capital.
When the original wooden cathedral caught fire in 1966, residents rushed in to save precious artifacts. They rescued icons, a chandelier, and the bishop's throne carved by Siberian priest St Innocent Veniaminov in the 1840s.
The Alexander Archipelago still bears Slavic names like Volga, Bamdoroshni, and Baranof. Shell middens tell the story of the Tlingit people's thousand-year presence, while unearthed coins and samovar spigots reveal the Russian occupation.
Why This Inspires
The Alaska Purchase shows how bold vision can reshape the future. What critics once called "Seward's Folly" became America's 49th state in 1959, rich in natural resources, wildlife, and strategic importance.
Kenneth Walsh, former president of the White House Correspondents' Association, puts it simply: "You can imagine the fix we'd be in today if Russia still had Alaska." Today's geopolitical landscape makes that $7.2 million look like the deal of the millennium.
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Based on reporting by Stuff NZ
This story was written by BrightWire based on verified news reports.
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