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The Last Territory Russia Had to Sell

The Alaska Purchase of 1867 was one of the greatest real estate deals in history. For just $7.2 million (about 2 cents per acre), the United States bought 586,412 square miles of land from the Russian Empire – an area almost twice the size of Texas. Initially mocked as "Seward's Folly" and "Seward's Icebox", this massive territory later delivered the Klondike Gold Rush, trillions of dollars in oil, natural gas, minerals, strategic military importance during the Cold War, and eventually became the 49th U.S. state in 1959. This video covers the real reasons Russia sold Alaska, the dramatic all-night negotiations in 1867, the surprisingly small Russian population in "Russian America", the flag transfer ceremony in Sitka on October 18, 1867, and why this purchase turned out to be one of the smartest geopolitical and economic decisions in American history.