How did Alaska become a territory in the united states? what was Seward's reasoning for making this purchase?
The term Seward's folly refers to the United States' Secretary of State William Seward's decision to purchase the Alaskan territory from Russia in 1867.op 10 unbelievable historical concurrencies. The term Seward's folly refers to the United States' Secretary of State William Seward's decision to purchase the Alaskan territory from Russia in 1867. At the time, Seward's decision to buy the land was regarded as a terrible one by many critics in the US.