U.S. Purchases Alaska
U.S. Purchases Alaska

On March 30, 1867, U.S. Secretary of State William Seward purchased Alaska from Russia in what many at the time called “Seward’s Folly.”
The Russians first explored Alaska in the 1600s and first settled there in 1784. In 1824 and 1825, Russia signed treaties with the United States and Great Britain recognizing proper boundaries in America. The treaties gave these nations trading rights along Alaska’s extensive coastline.

Russia attempted to build several industries in Alaska, including coal mining, ship building, and whaling. However, once the fur trade became less profitable, interest in the area declined. Russia’s economy was then damaged by the costly Crimean War (1853-56).

After that war ended, Russia’s emperor Alexander II grew concerned that if war broke out with England, Alaska might be a major target that could be easily taken. He then decided it best to sell the land. As early as 1857 the Russians attempted to sell Alaska to America. They also approached England with offers, possibly hoping to start a bidding war between the two nations, but the British weren’t interested in Alaska.
In 1859 and 1860 Russian and American officials met informally to discuss a possible sale. President James Buchanan was interested and his men offered $5 million. But the Russians didn’t think that was enough so talks continued. However, as America steamed toward Civil War, the talks were stalled for several years.
After the war ended in 1865, U.S. Secretary of State William Seward strongly supported expanding America’s territorial holdings and focused on Alaska. In March 1867, the Russian minister began negotiations with Seward. At the time the American government was busy with Reconstruction, and believed that such a purchase could draw public attention away from the domestic issues of the day. On the evening of March 29, Seward began an all-night negotiation session that concluded at 4:00 the next morning with the signing of the treaty.

Seward agreed to buy Alaska for $7,200,000 – a cost of about 2¢ per acre. While the terms “Seward’s folly” and “Seward’s icebox” were used to describe the deal, not all public opinion was against the purchase. Many believed that Alaska would ultimately prove economically beneficial. Additionally, the deal would improve relations with Russia and possibly lead to the acquisition of British Columbia.

The Senate approved the purchase days later, on April 9. However, the House of Representatives opposed the deal and didn’t approve the funds for the purchase for over a year. In the meantime, on October 18, 1867, U.S. troops raised the American flag at Sitka, formally taking possession of the new territory. It would be over 90 years before Alaska was admitted as America’s 49th state.
Click here to view the check used to purchase Alaska.
Click here to see what else happened on This Day in History.
Cold but economically worth it! And we get Sarah too. The stamps themselves are a prize.
It isn’t always cold. I was in Fairbanks several years ago on June 21, the longest day of the year, the sun was up for about 23 hours, and the temperature hit the mid 90s F. Fairbanks in in the central Alaska between the mountain ranges at about 450 ft. elevation, and it can get hot in the summers like the central valley in California.
Hi Stu,
Just reread today’s post and comments. At first I didn’t grasp your ‘Sarah’ comment, then I wondered if you meant Sarah Palin? (Please don’t respond, “You Betcha’â€! LOL
I will Sarah any day over you
Another great tidbit of history that makes stamp collecting so interesting.
The irony, of course, of “Seward’s Folly” is that the gold and oil found there paid us back the cost of Alaska hundreds of times over.
I always tell people if you get a chance to visit Alaska, GO! It’s beautiful beyond expectations! We only went to the Inside Passage and the scenery changed every day! Just gorgeous! Some day we’d like to go back and visit Denali National Park and animal wildlife, too by train. We are truly blessed to have such a big, beautiful state to call our own in America! Awesome purchase, Mr. Seward!
Yes, Alaska is a beautiful state to visit and would be to live. I can brag that I visited Alaska 26 years before visiting Texas, although growing up in the Northwest Territories helped contribute to that.
A spot on description by Joy. Plus you can look out your window and see Russia! I also got a kick out of Stu Hoyt’s “Sarah” reference.
This was a perfect example of some foresighted individuals helped shape our United Sates. Just think if this still was Russian territory!
Great article. Is there a stamp that commemorates the Japanese attack on the Aleutians?
The natural beauty of Alaska alone has paid for itself through tourism, as well as led towards people understanding the need to protect the natural resources of our 49th State.
The crab fishermen we see on TV could buy Alaska with one season’s catch.
Mr. Seward was an awesome guy who looked ahead for a better and stronger America, and it paid off! I wish I can say the same with today’s dismal leadership.
sound like our current President who also seeks a better and stronger America
Seward was a statesman…the current President, Don Trump, is an inept political amateur.