USA BOUGHT ALASKA FOR 💲7.2 MILLION from RUSSIA in 1867 | HISTORY OF ALASKA
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The history of Alaska dates back to the Upper Paleolithic period (around 14,000 BC), when foraging groups crossed the Bering land bridge into what is now western Alaska. At the time of European contact by the Russian explorers, the area was populated by Alaska Native groups. The name "Alaska" derives from the Aleut word Alaxsxaq (also spelled Alyeska), meaning "mainland" (literally, "the object toward which the action of the sea is directed")

U.S purchased Alaska from Russia in 1867. In the 1890s, gold rushes in Alaska and the nearby Yukon Territory brought thousands of miners and settlers to Alaska. Alaska was granted territorial status in 1912 by the United States of America.

The Alaska Purchase was the United States' acquisition of Alaska from the Russian Empire. Alaska was formally transferred to the United States on October 18, 1867, through a treaty ratified by the United States Senate. US pay $7.2 million check used to pay for Alaska (roughly $133 million in 2021)

Russia had established a presence in North America during the first half of the 18th century, but few Russians ever settled in Alaska. In the aftermath of the Crimean War, Russian Tsar Alexander II began exploring the possibility of selling Alaska, which would be difficult to defend in any future war from being conquered by Russia's archrival, the United Kingdom. Following the end of the American Civil War, U.S. Secretary of State William Seward entered into negotiations with Russian minister Eduard de Stoeckl for the purchase of Alaska. Seward and Stoeckl agreed to a treaty on March 30, 1867, and the treaty was ratified by the United States Senate by a wide margin.

Due to Financial difficulties in Russia, the low profits of trade with Alaskan settlement, and the important desire to keep Alaska out of British hands all contributed to Russia's willingness to sell its possessions in North America. The purchase added 586,412 square miles (1,518,800 km2) of new territory to the United States for the cost of $7.2 million 1867 dollars. In modern terms, the cost was equivalent to $133 million in 2021 dollars or $0.37 per acre. Reactions to the purchase in the United States were mostly positive, as many believed possession of Alaska would serve as a base to expand American trade in Asia. Some opponents labeled the purchase as "Seward's Folly", or "Seward's Icebox", as they contended that the United States had acquired useless land.

Nearly all Russian settlers left Alaska in the aftermath of the purchase, Alaska would remain sparsely populated until the Klondike Gold Rush began in 1896. Originally organized as the Department of Alaska, the area was renamed the District of Alaska (1884) and the Alaska Territory (1912) before becoming the modern State of Alaska in 1959.

Alaska was granted U.S. statehood on January 3, 1959. In 1964, the massive "Good Friday earthquake" killed 131 people and leveled several villages. The 1968 discovery of oil at Prudhoe Bay and the 1977 completion of the Trans-Alaska Pipeline led to an oil boom. In 1989, the Exxon Valdez hit a reef in Prince William Sound, spilling between 11 and 34 million U.S. gallons (42,000 and 130,000 m3) of crude oil over 1,100 miles (1,600 km) of coastline. Today, the battle between philosophies of development and conservation is seen in the contentious debate over oil drilling in the Arctic National Wildlife Refuge.

When Alaska was first purchased, most of its land remained unexplored. In 1865, Western Union laid a telegraph line across Alaska to the Bering Strait where it would connect, under water, with an Asian line. It also conducted the first scientific studies of the region and produced the first map of the entire Yukon River. The Alaska Commercial Company and the military also contributed to the growing exploration of Alaska in the last decades of the 19th century, building trading posts along the Interior's many rivers.

In 1884, the region was organized and the name was changed from the Department of Alaska to the District of Alaska. At the time, legislators in Washington, D.C., were occupied with post-Civil War reconstruction issues, and had little time to devote to Alaska. In 1896, the discovery of gold in Yukon Territory in neighboring Canada, brought many thousands of miners and new settlers to Alaska, and very quickly ended the nation's four year economic depression. Although it was uncertain whether gold would also be found in Alaska, Alaska greatly profited because it was along the easiest transportation route to the Yukon goldfields. Numerous new cities, such as Skagway, Alaska, owe their existence to a gold rush in Canada.

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