What would you like to do?
Why did Alaska cost 7.2 million?
It was purchased in 1867 for 7.2 million dollars.
The United States of America purchased Alaska from the Russian Empire on March 30th, 1867. The land was sold for approximately 2 cents per acre. The purchase was negotiated an…d carried out by William Seward, the U.S. Secretary of State (first under Lincoln, then under Andrew Johnson). Critics of the move ridiculed it as "Seward's Folly" and "Seward's Icebox".
A basket of goods and servicesthat cost £7,200,000.00in quarter 3 of 1867would have cost $728,524,590.16in quarter 3 of 2010Total percentage change | 4,959.2% / Number of ye…ars difference | 143.00 / Compound average annual rate | 2.8% / Decline in purchasing power | 98.0% / Index value for 1867 quarter 3 is | 22.0 / Index value for 2010 quarter 3 is | 1111.0
7.2 million US dollars
Alaska, at about 2 cents per acre, snow thrown in for free.
Why might some people 1867 have looked upon the purchase of Alaska for 7.2 million dollars as a foolish use of money how would people feel today?
Back in 1867 people thought Alaska was a waste of money because they thought it has no resources, but after the discovery of gold and oil, people today are happy to except Ala…ska as a state. PEACE OUT
0 dollars if u build it but regularly likke 500 dollars
It's the same all over the country, the average for a medical abortion is $450. Then it goes up depending on how far along you are and what procedure has to be used.
This is a difficult question, since you cannot simply apply inflationary principles. The value of land has changed dramatically since 1867 is much different than the value of …bread, grains, or other commodities. Take this approach to the analysis: Applying the latest CPI data (which only goes back to 1914) and extrapolating other basic cost ratios to account for the time between that and 1867 - the adjusted value of the dollar can make the original $7.2 million purchase price grow to $161 million. That would not be a realistic price for Alaska given its value today...which includes mineral, strategic, and agricultural benefits to name just a few.
The cost of land varies, depending on location just as in any other state. Closer to Anchorage is more expensive then property somewhere like Wasilla or Palmer.
Well, one of the major factors is "where from" -You haven't said. Flights to Anchorage seem to be the cheapest and from Denver they range from around 400 - 750 return flight…. (I picked Denver because of it's location near centre of USA.) I would guess flights from Florida would cost more, and I know flights from Seattle cost less. -Next time please give more info.