‘Nother Brick in the Wall (Brick 3)

18 06 2010

In 1867 United States Secretary of State William H. Seward offered Russia $7,200,000, or two cents per acre, for Alaska.  The purchase was at the time derided as “Seward’s folly,” “Seward’s icebox,” and Andrew Johnson’s “polar bear garden,” because it was believed foolhardy to spend so much money on the remote region.

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