this post was submitted on 03 Jan 2025
9 points (76.5% liked)

History

4982 readers
1 users here now

Welcome to History!

A community dedicated to sharing and discussing fascinating historical facts from all periods and regions.

Rules:

FOLLOW THE CODE OF CONDUCT

NOTE: Personal attacks and insults will not be tolerated. Stick to talking about the historical topic at hand in your comments. Insults and personal attacks will get you an immediate ban.

founded 2 years ago
MODERATORS
 

Louisiana Purchase was $15 million in 1803.

Alaska Purchase was $7.2 million in 1867.

Inflation puts $15 million in 1803 as being $19.6 million in 1867. So that puts Alaska purchase as 36.6% the price of Louisiana purchase. Honestly I can see why it was seen as a folly when the land couldn't really be settled, crops couldn't grow there, and the value was fur and fishing. (Though yes Louisiana as seen as a bargain).

https://www.in2013dollars.com/us/inflation

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 6 points 3 months ago (2 children)

Somewhere there's an alt history timeline where Russia never sold Alaska and the USSR had possession of it during the Cold War.

I think a lot of the value in hindsight is just getting another world power off of North America.

[–] Amoxtli -2 points 3 months ago* (last edited 3 months ago)

Alaska has no geopolitical significance. It was part of the Westward push toward the Pacific under Manifest Destiny trend. Hawaii supplanted any significance that Alaska was supposed to have. Alaska is the 49th state, Hawaii is the 50th US state. The Russians obviously saw no significance to have it. Even if Russia still had it in an alternative history to the present time, Alaska is so remote it would not have Russia that much more of a threat. Alaska was, basically, a disconnected Siberia to the Russians. It costed them money to occupy it during their ownership. Alaska today is a resource extraction economy. It has good fishing, it has oil, timber, and there was a gold rush. As such, economic activity will be productive, but not diversified. There are YouTube videos that exaggerate the geopolitical significance, but it is really more of an outpost.

load more comments (1 replies)