Russian Colonization of The Americas - Seward Purchase

Seward Purchase

The Russian colonies were rarely profitable, primarily due to transportation costs for supplies. In addition, Russia was in a difficult financial position and feared losing Russian Alaska without compensation in some future conflict, especially to the British. The Russians believed that in a dispute with Britain, their hard-to-defend region might become a prime target for British aggression from British Columbia, and would be easily captured. So following the Union victory in the American Civil War, Tsar Alexander II instructed the Russian minister to the United States, Eduard de Stoeckl, to enter into negotiations with the United States Secretary of State William H. Seward in the beginning of March 1867. At the instigation of Seward the United States Senate approved the purchase, known as the Alaska Purchase, from the Russian Empire. The cost was set at 2 cents an acre, which came to a total of $7,200,000 on 9 April 1867. The canceled check is in the present day United States National Archives.