Why Russia sold Alaska to the United States

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Victor Mochere

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In 1867, the Russian Empire sold Alaska to the United States for $7.2 million – about two cents per acre. At the time, many Americans ridiculed the deal, calling it β€œSeward’s Folly” or β€œSeward’s Icebox”. Today, Alaska is recognized as one of the most resource-rich and strategically important territories in the U.S., making the sale […]

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