The Historic Alaska Purchase: Why Russia Sold It to the U.S.
In 1867, the United States acquired Alaska from Russia for $7.2 million. This deal, often called ‘Seward’s Folly’ after U.S. Secretary of State William H. Seward, transformed the map of North America. But why did Russia decide to sell such a vast and resource-rich territory?
Strategic and Financial Reasons Behind the Alaska Sale
Russia feared losing Alaska without compensation if war broke out with Britain, whose navy dominated the Pacific. The remote territory offered little profit, and Russia struggled to defend or develop it. Selling Alaska to the U.S. provided immediate funds and improved relations between the two nations.
The Lasting Legacy of the Alaska Purchase
Today, Alaska stands as a testament to strategic diplomacy and foresight. The state’s natural resources and geopolitical position have proved invaluable to the U.S. The Alaska Purchase remains a pivotal moment, influencing international relations and shaping the region’s future.
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