why was alaska a good buy
The U.S. bought Alaska from the Russian Empire in 1867 for $7.2 million. At the time the purchase was derided as âSewardâs Folly,â but today itâs common to compare the purchase price with Alaskaâs gross state product of $45 billion and claim it a resounding success.ow that that doesnât appear to be the case,you can go into more complicated reasons why it was or was not a good decision. But in the case of Alaska, it could been simply the case that it was profitable using any calculus, and knowing that that isnât the case is indeed knowledge.