USA HISTORY

Detailed explanation-1: -Introduction. The Louisiana Purchase is considered the greatest real estate deal in history. The United States purchased the Louisiana Territory from France at a price of $15 million, or approximately four cents an acre. The Louisiana Purchase Treaty was signed in Paris on April 30, 1803.

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. For roughly 4 cents an acre, the United States doubled its size, expanding the nation westward.

Detailed explanation-3: -In 1803 the United States paid France $15 million for the Louisiana Territory–828, 000 square miles of land west of the Mississippi River. The lands acquired stretched from the Mississippi River to the Rocky Mountains and from the Gulf of Mexico to the Canadian border.

Detailed explanation-4: -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.