SSC MTS EXAM

Detailed explanation-1: -On March 30, 1867, the two parties agreed that the United States would pay Russia $7.2 million for the territory of Alaska. For less that 2 cents an acre, the United States acquired nearly 600, 000 square miles.

Detailed explanation-2: -Introduction. On March 30, 1867, the United States reached an agreement to purchase Alaska from Russia for a price of $7.2 million.

Detailed explanation-3: -The purchase added 586, 412 sq mi (1, 518, 800 km2) of new territory to the United States for the cost of $7.2 million in 1867. In modern terms, the cost was equivalent to $140 million in 2021 or $0.39 per acre.

Detailed explanation-4: -Alaska is the 49th state of the United States. However, it was a part of Russia till 1867. 154 years ago, Russia had to sell Alaska to America at a meagre price of $7.2 million. But now, the estimated GDP of Alaska is estimated to be around $50 billion.