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About Seward's Folly Day
Real Estate , United States
Ends: Mar 31, 2025
DESCRIPTION:
Observed on the last Monday in March annually in Alaska, Seward's Day commemorates one of the most outstanding real estate deals ever made. On March 30, 1867, the United States purchased Alaska from Russia for a mere $7.2 million!
William Seward, Secretary of State for the United States, negotiated the deal, and in 1867, people thought he was crazy. They referred to it as "Seward's Folly" and "Seward's Icebox."
Seward got the last laugh, though! In 1896 gold was discovered in the Klondike, and 100 years later, in 1967, oil was found on the arctic coast. Seward went down in history as a genius!
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