The Louisana Territory covered an area of approximately 529,920,000 acres
Multiply this figure by 750 for your answer
Less than 3 cents per acre.
It was rather expensive at the time, but was still a good deal. Compared to the prices today, it was a great bargain! The US paid France $11,250,000 for the territory and all rights. At the time the cost was about 3 cents an acre! Even factoring for inflation, in today's money it would have been less than 42 cents an acre.
$15 million or 3,750,00 francs was the price for the Louisiana Territory. The 1803 agreement was known as the Louisiana Purchase, whereby the French gave up their claims to the western Mississippi valley.
The Mississippi River was an important boundary in the Louisiana Purchase. The United States paid about $15 million for the Louisiana territory, which only worked out to about 4 cents per acre.
Well technically the Louisiana Territory was under the power of Spain during the time of the Louisiana Purchase, but was owned by France (Power transfer was still being negotiated.) Napoleon, with war imminent, a slave revolt in Haiti, low resources, and bankruptcy on the horizon, took the opportunity to sell something he thought he had no use for in order to raise funds. Napoleon Bonaparte of France sold the Louisiana Territory to the United States in 1803 for 15 million dollars, or 3 cents per acre.
Less than 3 cents per acre.
No , Napoleon Bonaparte gave the United States the Louisiana Territory for 3 cents an acre for various reasons
It was rather expensive at the time, but was still a good deal. Compared to the prices today, it was a great bargain! The US paid France $11,250,000 for the territory and all rights. At the time the cost was about 3 cents an acre! Even factoring for inflation, in today's money it would have been less than 42 cents an acre.
This would obviously depend on where in Louisiana you are buying this acre of land. An acre in New Orleans' Garden District is worth more than an acre at the Arkansas border for example.
acre
The United States bought it from France for 15 million dollars. That is about three cents an acre.
$15 million or 3,750,00 francs was the price for the Louisiana Territory. The 1803 agreement was known as the Louisiana Purchase, whereby the French gave up their claims to the western Mississippi valley.
Actually, it was even less. The US bought the territory from the French for a total of $15 million which would result in a little more than 3 cents per acre.
The Louisiana Purchase gave the US the important geographical city of New Orleans. The vast 840,000 square miles into the Mississippi River would provide wealth due to gold and silver, along with croplands. Taken as a whole, the geography within the Louisiana Territory gave the new nation a source of wealth at an inexpensive price, about 3 cents an acre.
Thomas Jefferson. He paid 15 million and thought that the price was too high. ha where can you get land for 3 cents an acre today?
The Mississippi River was an important boundary in the Louisiana Purchase. The United States paid about $15 million for the Louisiana territory, which only worked out to about 4 cents per acre.
Well technically the Louisiana Territory was under the power of Spain during the time of the Louisiana Purchase, but was owned by France (Power transfer was still being negotiated.) Napoleon, with war imminent, a slave revolt in Haiti, low resources, and bankruptcy on the horizon, took the opportunity to sell something he thought he had no use for in order to raise funds. Napoleon Bonaparte of France sold the Louisiana Territory to the United States in 1803 for 15 million dollars, or 3 cents per acre.