Russia sold Alaska to the U.S. for 0.02¢/acre
The United States bought the 375 million acres we now
call Alaska from Russia in 1876 for $7.2 million
(or about $126.5 million in today’s market).
Though the Alaska Purchase Treaty certainly provided some
upside to Russia at the time, the U.S. has come out a huge financial winner in the deal thanks to the massive oil deposits
discovered in the 49th state in 1967.