Ever wondered why the United States bought Alaska from Russia? What seemed like a frozen wasteland back in the 1800s turned out to be one of the best land deals in history. Here’s the fascinating story behind it!
The Purchase of Alaska (1867): An Icy Deal That Changed History
In 1867, the United States purchased Alaska from Russia for $7.2 million, an amount many Americans at the time considered a waste. Critics even called it “Seward’s Folly”—named after Secretary of State William H. Seward who negotiated the deal. Little did they know, Alaska would later prove to be a goldmine—literally.
Why Did Russia Sell Alaska?
- Russia’s interest in Alaska started in the early 1700s when Czar Peter the Great sent Vitus Bering to explore its coastline.
- While the land was rich in fur, timber, and minerals, Russia lacked the money and manpower to build a stronghold there.
- After suffering heavy losses in the Crimean War (1853–1856), Russia feared losing Alaska to British Canada in another conflict.
- Selling the territory gave Russia quick cash and reduced geopolitical risk.
Why Did the US Want Alaska?
- The U.S. was expanding westward and didn’t want European powers gaining influence near its borders.
- Alaska offered access to the Pacific northern rim, crucial for trade and defense.
- Seward saw long-term value in Alaska’s resources—even though many Americans thought otherwise.
The Treaty of Cession: Alaska Officially Becomes American
- In 1859, Russia first offered to sell Alaska to the U.S., but the Civil War delayed negotiations.
- After the war, Seward reopened talks with Russian diplomat Edouard de Stoeckl.
- On March 30, 1867, both parties agreed to the deal.
- The Senate approved it on April 9, and President Andrew Johnson signed it into law on May 28.
- Alaska was formally transferred to the U.S. on October 18, 1867, a date still celebrated as Alaska Day.
Alaska’s Value Wasn’t Realized Immediately
At the time of purchase:
1. Why Did the US Purchase Alaska?
- A. To capture more land
- B. To maintain peace
- C. Create coffee House
- D. None of the above
- Only about 100 Russian settlers lived in Alaska.
- Many Americans saw it as a barren tundra with no practical use.
However, by the early 1900s:
- Gold and oil were discovered, transforming Alaska into a strategic and economic asset.
- The U.S. recovered its investment 100 times over.
When Did Alaska Become a State?
Alaska was designated a U.S. territory after the purchase but didn’t gain statehood until much later. On January 3, 1959, Alaska became the 49th U.S. state, unlocking even more economic opportunities.
How Much Was $7.2 Million Worth?
At the time, the U.S. paid roughly 2 cents per acre for 586,412 square miles. Adjusted for inflation, that would be about $150 million today—still a bargain!
People Also Ask
Why did Russia sell Alaska so cheaply?
Russia feared it could not defend Alaska and wanted to avoid conflict with Britain. The territory was also difficult to manage, so selling it provided fast funds.
What did the US gain from buying Alaska?
Access to vast natural resources (gold, oil, timber), military positioning, and a strategic Pacific gateway.
Was the Alaska Purchase controversial?
Yes. At the time, many mocked the purchase as foolish. It wasn’t until decades later, after major resource discoveries, that the deal was seen as visionary.
Did anyone live in Alaska before the purchase?
Yes. Apart from around 100 Russian settlers, indigenous peoples such as the Inuit and Aleut had lived in Alaska for thousands of years.
How did Alaska impact U.S. power in the Pacific?
It expanded American influence in the Pacific region and provided a key foothold for trade, military, and geopolitical strategy.