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This is a difficult question, since you cannot simply apply inflationary principles. The value of land has changed dramatically since 1867 is much different than the value of bread, grains, or other commodities.

Take this approach to the analysis: Applying the latest CPI data (which only goes back to 1914) and extrapolating other basic cost ratios to account for the time between that and 1867 - the adjusted value of the dollar can make the original $7.2 million purchase price grow to $161 million. That would not be a realistic price for Alaska given its value today...which includes mineral, strategic, and agricultural benefits to name just a few.

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14y ago

What else can I help you with?