Alaska was purchased by the United States from Russia in 1867 for $7.2 million, a deal often called "Seward's Folly."

Alaska, the northernmost state in the U.S., was purchased from Russia in 1867 for $7.2 million, roughly 2 cents per acre. This transaction, known as the Alaska Purchase, was orchestrated by U.S. Secretary of State William H. Seward. Initially criticized as a waste of money and nicknamed "Seward's Folly," the purchase proved to be a strategic and economic boon. Alaska is rich in natural resources, including oil, gold, and timber, and its vast landmass provides unparalleled natural beauty and biodiversity. Today, the purchase is considered one of the most significant land acquisitions in U.S. history, reshaping the nation's geography and resources.