Seward's Folly

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Noun

Seward's Folly - the transaction in 1867 in which the United States Secretary of State William Henry Seward purchased Alaska from Russia

Seward’s Folly

Alaska, purchased from Russia by Henry Seward for 2 cents an acre (1867). [Am. Hist.: Payton, 610]See: Inexpensiveness

ridiculed purchase of Alaska proved wise buy (1867). [Am. Hist.: Van Doren, 254]See: Last Laugh

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