USA HISTORY

Detailed explanation-1: -In 1803, he offered to sell the entire territory of Louisiana to the United States for $15 million. Robert Livingston and James Monroe, whom Jefferson had sent to Paris earlier that year, had only been authorized to spend up to $10 million to purchase New Orleans and West Florida .

Detailed explanation-2: -In addition to making military preparations for a conflict in the Mississippi Valley, Jefferson sent James Monroe to join Robert Livingston in France to try to purchase New Orleans and West Florida for as much as $10 million. Failing that, they were to attempt to create a military alliance with England.

Detailed explanation-3: -Rather than go to war, President Jefferson offered to buy New Orleans and West Florida for up to $10 million. He sent James Monroe to help Robert Livingston negotiate the sale, and if that was not possible, they were to negotiate rights to use the port of New Orleans (called “rights of deposit”).

Detailed explanation-4: -In the final agreement, the value of the U.S. currency was set at 5+3333/10000 francs per U.S. dollar. In 2021 dollars, the $15 million purchase price is equivalent to $336.92 million. As part of the deal, the U.S. assumed responsibility for 20 million francs ($3.75 million) of French debts owed to U.S. citizens.

Detailed explanation-5: -In this transaction with France, signed on April 30, 1803, the United States purchased 828, 000 square miles of land west of the Mississippi River for $15 million. For roughly 4 cents an acre, the United States doubled its size, expanding the nation westward.