Small Mistakes That Cost Millions To Fix

Published on October 2, 2019 By Chloe Draws

Russia Sells Alaska For Nothing- $37 billion

In 1867, America was trying to acquire Alaska from the Russian Empire. The Russian Emperor Alexander II deemed the territory too difficult to defend and was looking to sell it and America bought it for a mere $7.2 million.

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At the time, no one knew how valuable it was and many thought it was useless. It turned out that the 375 million acres was extremely oil rich and had many other valuable natural resources that would have given it a valuation of around $37 billion.