THE VIRGINIA DYNASTY 1801 1825
MISSOURI COMPROMISE OF 1820
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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How much was the US supposed to only spend on the Louisiana Territory?
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8 million
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9 million
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12 million
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15 million
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Explanation:
Detailed explanation-1: -In 1803 the United States paid France $15 million for the Louisiana Territory–828, 000 square miles of land west of the Mississippi River.
Detailed explanation-2: -The $15 million-the equivalent of about $342 million in modern dollars, and long viewed as one of the best bargains of all time-technically didn’t purchase the land itself.
Detailed explanation-3: -But despite landing Louisiana for less than three cents an acre, the price was more than the United States could afford. As a result, it was forced to borrow from two European banks at 6 percent interest.
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