THE VIRGINIA DYNASTY 1801 1825
THOMAS JEFFERSONS PRESIDENCY LOUISIANA PURCHASE LEWIS CLARK AND MORE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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$2, 000, 000
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$10, 000, 000
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$50, 000, 000
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$15, 000, 000
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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: -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.
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.
Detailed explanation-4: -Vaguely defined at the time as the western watershed of the Mississippi River, and later pegged at about 827, 000 square miles, the acquisition nearly doubled the national domain for a mere $15 million, or roughly $309 million in today’s dollars.