In 1867, Russia sold Alaska to the United States for just 7.2 million dollars (approximately 2 cents per acre) due to financial pressures following the Crimean War, a transaction initially mocked as 'Seward's Folly' but which proved to be the largest bargain in human history as Alaska contains vast reserves of gold, oil, and natural gas worth over 1 trillion dollars today.
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Russia Sold This Country For 2 Cents Per Acre — And Regrets It Forever#Alaska #RussiaSoldAlaskaAdded:
Imagine waking up one morning and being told your entire country has been sold to someone else overnight.
This is the story of Alaska and how Russia sold it to America for just 2 cents per acre.
In 1867, Russia owned Alaska, a massive [music] frozen territory covering over 1.5 million square kilometers.
Russia was struggling financially after the Crimean War and Tsar Alexander [music] II needed money desperately.
So, Russia offered to sell Alaska to the United States for just 7.2 million dollars.
That works out to just 2 cents per acre for the largest state in America today.
Many Americans called it folly. They thought buying a frozen wasteland was the biggest mistake in history.
But Alaska turned out to contain massive reserves of gold, oil, and natural gas worth trillions of dollars.
Russia sold Alaska for 7.2 million dollars, a territory that today is worth over 1 trillion dollars.
The biggest bargain in human history.
>> [music] >> And Russia has regretted it every single day since. Did this shock you? Comment below.
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