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The Deal Everyone Laughed At… Until It Made America Rich
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709 views53likes59EthanlearnshistoryOriginal Release: 2026-05-30

In 1867, the United States purchased Alaska from Russia for $7.2 million (approximately 2 cents per acre), a deal initially mocked as 'Seward's Folly' or 'Seward's Icebox' because critics believed the frozen territory was worthless. However, Alaska contained vast natural resources including gold, oil, timber, minerals, and some of the world's richest fishing waters, making it one of the smartest land deals in American history.

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