in 1867 the u.s. purchased alaska from the russian empire for approximately how many cents per acre
Alaska Purchase Russia continued to see an opportunity to weaken British power by causing British Columbia, including the Royal Navy base at Esquimalt, to be surrounded or annexed by American territory.[10] Following the Union victory in the civil war, the Tsar instructed the Russian minister to the United States, Eduard de Stoeckl, to re-enter into negotiations with William Seward in the beginning of March 1867. President Johnson was entangled in negotiations about Reconstruction and Seward had alienated a number of Republicans, so they believed that the purchase would help divert attention from the current domestic matters.[11] The negotiations concluded after an all-night session with the signing of the treaty at 04:00 on March 30, 1867,[12] with the purchase price set at $7.2 million ($123 million today[1]), or about 2 cents per acre ($4.74/km2).[13]
Economy of the Soviet Union The economy of the Soviet Union (Russian: экономика Советского Союза) was based on a system of state ownership of the means of production, collective farming, industrial manufacturing and centralized administrative planning. The economy was characterised by state control of investment, public ownership of industrial assets, macroeconomic stability, negligible unemployment and high job security.[14]