Because the guy who bought it for $7 mil is named Sewerd and no one understood why he bought an icebox; hence the folly.
Sewards Folly was bought from Russia in the 1940s and is now the great big state of Alaska.
Alaska Purchase is the correct name, but to Seward's opponents in was called Seward's Folly.
Seward's enemies referred to his purchase of the Alaska from the Russian empire as "Seward's Folly."
There were a very large group of sceptics that believed that the purchase of Alaska was a blunder. They called it Sewards Folly and Johnson's Icebox.
Alaska. Called Sewards Folly
It was called Sewards Folly because it was thought there were very few resources there.
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..
It's not really a landmark. It is the state of Alaska. Secretary of state Seward purchased the territory of Alaska from Russia.
Sewards Folly
Alaska was called Seward's Folly.
Secretary of State, Seward, bought Alaska from the Russians in the 1900's, and most of the American population was outraged that he bought a desolate wasteland for the high price that he paid. The Americans called if "Seward's Folly" because it seemed like a ridiculous deal. But gold was soon discovered in Alaska, and Sweard's purchase was soon respected.
Some called it Seward's Folly and others called it Johnson's icebox thinking that it was useless and would never be worth anything.