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there were rumors of extensive oil deposits in the territory.

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What was Sewards folley?

Seward's Folly refers to the purchase of Alaska from Russia in 1867 by Secretary of State William H. Seward. The purchase was criticized because it was thougth foolish to spend so much money (about 7.2 million dollars) on such a remote region.


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It was called Sewards Folly because it was thought there were very few resources there.


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I believe that William H. Seward's decision was a good decision because he helped and did good things in Alaska and it became a source of valuable Natural Resources such as fur, timber, and minerals.


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How and when did the U.S. acquire Alaska and what is its nickname today?

In 1867 Secratory of state, William, H Seward agreed to purchase Alaska from Russia for 7.2 million. People thought he was crazy and called the land Sewards folly or sewards ice box, until gold was discovered..


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