Seward's Folly. Newspapers denounced Alaska as a worthless "icebox."
The aquisition of Alaska from Russia.
The Alaska Purchase was the acquisition of the Alaska territory by the United States from Russia in the year 1867 by a treaty ratified by the Senate.
Hawaii and Alaska were added while Eisenhower was President.
Acquisition is spelled as A-C-Q-U-I-S-I-T-I-O-N.
Hawaii became a state in 1959, but the US was interested in it for many years before that. Alaska joined the US in 1959. Many Americans thought that it was dumb to buy such barren wasteland from Russia in 1867 , but we did buy it at an extremely low price.
William H. Seward, Andrew Johnson's Secretary of State, urged the purchase of Alaska. Its successful acquisition at the cost of $7,200,000 was the highlight of his tenure. The purchase, however, was not popular with the American people who viewed it mockingly as "Seward's Folly."
Russia owned what is now Alaska, the 49th state of the US. Many of Seward's critics mocked the purchase. However, looking back it can be seen to have been a wise purchase by Seward.
ALASKA was once sovereign Russian territory before being sold to the United States in 1867 for $4 million dollars. At the time, the deal was called "Seward's Folly", since it was believed that Secretary Seward made an egregious mistake in buying Alaska. However, Alaska has since revealed itself to have massive gold and petroleum resources that make its acquisition worthwhile.
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