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The Alaska Purchase was the purchase of Alaska from the Russian Empire by the United States for a sum of $7.2 million in 1867 (equivalent to $129 million in 2023) [1].On May 15 of that year, the United States Senate ratified a bilateral treaty that had been signed on March 30, and American sovereignty became legally effective across the territory on October 18.
He also insisted that by doing so, Russia would avoid any future conflict with the United States, viewing further U.S. expansion in North America as inevitable. [4] Stoeckl signed the Alaska Treaty in March 1867. [5] For successfully carrying out the negotiation, Tsar Alexander II rewarded him with US$25,000 and an annual pension of $6,000. [6]
In 1867, Secretary of State William Seward negotiated the Alaska Purchase, thereby acquiring Russian Alaska. The Grant administration negotiated a treaty to annex the Dominican Republic, but it failed to win ratification by the Senate.
At the instigation of Seward the United States Senate approved the purchase, known as the Alaska Purchase, from the Russian Empire. The cost was set at 2 cents an acre, which came to a total of $7,200,000 on April 9, 1867. The canceled check is in the present day United States National Archives.
Russia and the U.S. negotiated $7.2 million for the U.S. to acquire Alaska as a territory in 1867 under the Alaska Purchase. (Getty Images/iStockphoto) Today, that would be $153 million.
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A treaty on the border had been reached by Britain and Russia in the 1825 Treaty of Saint Petersburg, and the United States had assumed Russian claims on the region through the 1867 Alaska Purchase. The United States argued that the treaty had given Alaska sovereignty over disputed territories which included the gold rush boom towns of Dyea and ...