The $7.2 Million Deal: How America Bought Alaska from Russia 💵

An Unexpected Agreement

On March 30, 1867, U.S. Secretary of State William H. Seward and Russian envoy Baron Edouard de Stoeckl signed the Treaty of Cession, transferring Alaska from Russia to the U.S. for $7.2 million. This purchase ended Russia’s 125-year presence in North America.

Russia’s Retreat

The Russians faced difficulties maintaining their colony due to its isolation, harsh climate, and dwindling profits from the fur trade. With the Crimean War depleting resources, Tsar Alexander II decided to sell Alaska, fearing it would be lost to the British in any future conflict.

The American Motive

For the U.S., acquiring Alaska meant more than just land; it promised access to natural resources and strategic advantages in the Pacific. It was also driven by the idea of Manifest Destiny, the belief that the U.S. was destined to expand across the continent.

The Impact on Alaska Natives

Before Russian arrival, Alaska was home to 100,000 indigenous people. The Russian era saw severe disruptions to native life. After the U.S. acquisition, Alaska’s Natives faced continued challenges, including loss of land and cultural suppression. It wasn’t until the 20th century that some rights were restored.

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