U.S. reaches agreement to purchase Alaska from Russia 150 years ago this hour #OnThisDay #OTD (Mar 30 1867)

Video: 'Alaska: "Seward's Folly" - Decades TV Network'

(Saturday, March 30, 1867, 4:00 a.m. local time) — U.S. Secretary of State William H. Seward reached agreement with Russia early today in Washington to purchase the territory of Alaska for $7.2 million ($125 million today), a deal ridiculed by critics as “Seward’s Folly.”

The U.S. would take formal possession of Alaska from Russia on Oct. 18, 1867.

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