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Back in 1867 people thought Alaska was a waste of money because they thought it has no resources, but after the discovery of gold and oil, people today are happy to except Alaska as a state.

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Q: Why might some people 1867 have looked upon the purchase of Alaska for 7.2 million dollars as a foolish use of money how would people feel today?
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Related questions

What was the purchase price of Alaska?

It was 7.2 million dollars or about 111 million in 2010 dollars.


The purchase of Alaska was over 7 milllion dollars that was a valuble purchase?

Yes it would be about 111 million in 2010 dollars.


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.


What year was the Alaska purchase?

No. The United States bought Alaska from Russia in 1867.


How and when did the U.S. acquire Alaska?

The U.S. Senate approved the purchase of Alaska from the Russian Empire on March 30, 1867, for $7.2 million or about $111 million in 2010 dollars.


Seward's purchase of Alaska?

Was often called Seward's Folly or Johnson's Icebox.Was in 1867 from Russia for 7.2 million dollars.


When was Alaska purchased by the US?

The United States purchased Alaska from Russia in 1867. The cost of the purchase was 7.2 million US dollars. The purchase was known as "Seward's Folly."


How much money did Alaska sell for?

The purchase price for Alaska was 7.2 million dollars, or about 2 cents per acre.


When was Alaska Purchased from Russia?

Alaska was purchased from Russia by the US in 1867 for 7.2 million dollars. It was originally offered to the United States in 1859, but the purchase was delayed by the US Civil War. The territory of Alaska became a US state in 1959.


How much was Alaska sold for?

The purchase price was US$7,200,000.00.The U.S. Senate approved the purchase of Alaska from the Russian Empire on March 30, 1867, for $7.2 million at about two cents per acre ($4.74/km2).


For how many dollars was Alaska purchased?

It was 7.2 million dollars.


America had expanded its territory by 360 million acres with the purchase of?

America expanded it's territory by 360 million acres with the purchase of Alaska.