The Sale of Alaska
On 30 March 1867 the Russian Empire sold a seemingly worthless Alaska to the United States of America for the princely sum of two cents per acre. Given the abundance of natural resources prevalent in Alaska it is fair to assume that Russia might regret its 19th century generosity today. So why did they sell it in the first place? Who were the decision makers and what motivated them to pursue the deal?
- Alaska; its history and resources, gold fields, routes and scenery / Miner Bruce; New York, London, G.P. Putnam’s sons, 1899
- Alaska, a history of the 49th state / Claus-M. Naske and Herman E. Slotnick; Norman : University of Oklahoma Press, c1987
- Discovery - A short history of the discovery and early days of Alaska.
- Negotiations - Who, when, where, why?
- Deal - Specifics of the trade deal, remuneration and reactions
- Legacy - Alaska today
PLANNED LEARNING OUTCOMES
By the end of this course, students should be able to:
- Name some reasons for the sale deal to be agreed to by Russia and the US.
- Evaluate the return on investment from the US perspective.