Seward`s Folly, the Purchase of Alaska

William H. Seward, secretary of state under both Lincoln and Johnson, was an ardent expansionist. He was committed to the spread of American influence throughout the Pacific as a means of enhancing the nation’s trade and military standing.

Russia had been interested in selling Alaska for a number of years. The region seemed to have little value and was remote and hard to defend. Negotiations with the United States were opened during the Buchanan administration, but came to a halt with the opening of the Civil War.

Seward actually began negotiations with the Russians before receiving authorization from Johnson. Nonetheless, when the outline of a deal was presented to the cabinet, Seward was surprised to find little opposition. The agreement was signed in March 1867 and transferred Alaska to the United States in return for a payment of $7.2 million, amounting to a price of about 2.5 cents per acre for an area twice the size of Texas.

The treaty was ratified by the U.S. Senate by a single vote.

Criticism in the press was harsh, portraying the newly acquired wasteland as “Seward’s Folly,” “Seward’s Icebox” or Johnson’s “polar bear garden.” It was not until the 1890s with the discovery of gold that public attitudes regarding Alaska began to change.

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Purchase of Alaska
Seward agreed to purchase Alaska from Russia for $7 million. Do you think this was too much to pay for a piece of land that was mostly unexplored? At the time, critics thought Seward was crazy and called the deal "Seward's folly." Seward was ...
http://www.americaslibrary.gov/cgi-bin/page.cgi/jb/recon/alaska_1

Purchase of Alaska
... had dubbed the purchase of Alaska "Seward's Folly," but the former Secretary of State was vindicated when a major gold deposit was discovered in the Yukon in 1896, and Alaska became the gateway to the Klondike gold fields. The strategic ...
http://future.state.gov/future/when/timeline/1866_timeline/purch_alask ...

Purchase of Alaska
Alaska is so large that the addition of this land would increase the size of the U.S. by nearly 20 percent. Russia had established a presence in Alaska in the early 18th century and offered to sell it to the United States during President James ...
http://www.americaslibrary.gov/cgi-bin/page.cgi/jb/recon/alaska_2