Tag Archives: Yukon

OUR TWO CENTS (AN ACRE’S) WORTH: ‘SEWARD’S FOLLY’ TURNED OUT TO BE QUITE A BARGAIN, IN “DEED”

On April 9 in 1867, Congress ratified the purchase of Alaska from Russia for $7.2 million, or two cents per acre. The deal had been in the works since 1859, when Russian offered Alaska to the U.S. as a way of preventing the expansion of the British empire into the territory. However, the American Civil […]