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Sunday, May 19, 2013
 

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100 Documents that Shaped America
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Stepping Into the Market (Page 3 of 3)

The Price We Paid?

The Louisiana Purchase of French-owned territory in 1803 hauled in 828,000 square miles of new territory, nearly doubling the size of the country. Total cost to the fledgling U.S. government: $15 million.

The United States bought the land that is now Alaska in 1867. When Secretary of State William Henry Seward paid $7.2 million to the previous owner, Imperial Russia, many thought the deal so bad they called it "Seward's Folly" or "Seward's Icebox." Per acre cost: two cents.

The United States made a less pricey acquisition in 1815, after the British burned the Library of Congress. Thomas Jefferson sold Congress his book collection--6,487 volumes--for $23,950. The price was determined by the size of the books. -Katy Kelly

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