It was an apparent waste of money.
Because they thought Alaska was cold, Icy, worthless piece of land.
in uas
Seward bought Alaska in 1867.
Russia
William H. Seward
The people thought that Seward was crazy to buy Alaska.
he thought it had a lot of gold.
Secretary of State William Seward.
It voided all claims by Russia in North America including valid claims to Washington State and Oregon.
When U.S. Secretary of State William H. Seward negotiated the purchase of Alaska from Russia in 1867, many referred to the purchase as "Seward's folly".(Today, Seward's Day is observed on the last Monday of March as a state holiday in Alaska.)
It has produced great wealth from gold, oil, seafood and tourism. Seward's Folly was a great buy.
On March 30, 1867, U.S. Secretary of State William H Seward agreed to buying the subsequent state of Alaska from Russia. The price tag was $7.2 million.
The negotiations were concluded on Mar 19, 2007, and the purchase was called Seward's Folly or Seward's Icebox. The citizens of the United States were not happy with the idea of this purchase because of the fact that it was noted to be a territory consisted of ice and a waste of money. What changed the American's views on this idea was when oil was found.