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What Is Seward's FollyAccording to an essay by Stanley Rubenstein published by the Henry George School of Social Science, Russia explored and claimed what is now Alaska during the reign of Peter the Great. Unfortunately it was never profitable for the Russians, so in 1866, Czar Alexander II commissioned his minister to Washington, Baron de Stoeckl, to sell it to the American government. The main reason for the United States' participation in the treaty for Alaska was not economic, but to encourage amicable relations with czarist Russia.

[President Andrew Johnson]'s Secretary of State, William H. Seward negotiated the sale before he was authorized for the final amount of the agreement. He was initially allowed milion, but he asked the State Department if $? million was okay, and because they did not really care about purchasing Alaska, they basically just said, "Sure, Seward. Whatever...." Seward ended up offering Russia $7.2 million, but had much difficulty in getting Congress to approve and then appropriate the funds of money for Alaska, which was by then being referred to as "Seward's Folly," "Seward's Icebox," and "President Andrew Johnson's polar bear garden," mostly by radical republicans who were hostile towards the President, and towards Seward as Johnson's political ally.

From: http://eefy.editme.com/WhatIsSewardsFolly

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It was believed that Secretary of State Seward had made a major blunder in buying Alaska which could never be occupied, contained no farmland and had no strategic value. (Those pundits were wrong).

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Q: Why is Alaska called Seward's Folly?
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Related questions

What was referred to as Sewards Folly?

Sewards Folly was bought from Russia in the 1940s and is now the great big state of Alaska.


What was the purchase of Alaska for 7200000 dollars called by Americans?

Alaska Purchase is the correct name, but to Seward's opponents in was called Seward's Folly.


Sewards folly is the name given to the?

Seward's enemies referred to his purchase of the Alaska from the Russian empire as "Seward's Folly."


How did Americans respond after US bought Alaska?

There were a very large group of sceptics that believed that the purchase of Alaska was a blunder. They called it Sewards Folly and Johnson's Icebox.


According to scholars todaywilliam seward's purchase of which territory is a key milestone on America's road to power?

Alaska. Called Sewards Folly


How and when did the U.S. acquire Alaska and what is its nickname today?

In 1867 Secratory of state, William, H Seward agreed to purchase Alaska from Russia for 7.2 million. People thought he was crazy and called the land Sewards folly or sewards ice box, until gold was discovered..


What landmark was given the name Sewards Folly?

It's not really a landmark. It is the state of Alaska. Secretary of state Seward purchased the territory of Alaska from Russia.


What did journalist call the Alaskan purchase?

Sewards Folly


Which American state was originally called Seward's Folly?

Alaska was called Seward's Folly.


One reason Congress did not want to purchase Alaska was .?

It was called Sewards Folly because it was thought there were very few resources there.


What was Alaska's nickname when it was purchased?

Some called it Seward's Folly and others called it Johnson's icebox thinking that it was useless and would never be worth anything.


What discovery changed American minds about sewards folly?

Secretary of State, Seward, bought Alaska from the Russians in the 1900's, and most of the American population was outraged that he bought a desolate wasteland for the high price that he paid. The Americans called if "Seward's Folly" because it seemed like a ridiculous deal. But gold was soon discovered in Alaska, and Sweard's purchase was soon respected.