The treaty — setting the price at $7.2 million, or about $125 million today — was negotiated and signed by Eduard de Stoeckl, Russia’s minister to the United States, and William H. Seward, the American secretary of state. It was mostly considered beneficial to both countries, but some critics derided it as “Seward’s Folly” or “Seward’s Icebox” — and even now, scholars debate whether it was a bargain.
Crazy to think there is a debate about this. The strategic implications alone. From the mouth of Crimean prime minister Sergey Aksyonov:
"If Russia was in possession of Alaska today, the geopolitical situation in the world would have been different."Read more...