How much did the Louisiana Territory cost?
The Louisiana Purchase has been described as the greatest real estate deal in history. In 1803 the United States paid France $15 million for the Louisiana Territory–828,000 square miles of land west of the Mississippi River.
How much did each acre cost?
The price per acre of a parcel of land will vary by geographic location. A 2015 study by the US Bureau of Economic Analysis estimated that the average cost per acre in the lower 48 United States is $12,000.
How much did the Louisiana Purchase cost in todays money?
Vaguely defined at the time as the western watershed of the Mississippi River, and later pegged at about 827,000 square miles, the acquisition nearly doubled the national domain for a mere $15 million, or roughly $309 million in today’s dollars.
How much did the Louisiana Purchase really cost?
The Louisiana Purchase was the acquisition by the United States of more than 530 million acres of territory from France in 1803, at the cost of about three cents per acre; fifteen million in total. Plus interest, the United States paid a total of $27,267,622 in exchange for the Louisiana territory…
Who did we buy the Louisiana Purchase from and for how much?
The United States government bought the Louisiana Territory from France for roughly $15,000,000 in 1803 dollars (or 3 cents per acre), $3.75 million of which was debt the U.S. forgave France for.
How much bigger did the Louisiana Purchase make us?
The Louisiana Purchase was huge. It totaled 828,000 square miles and all or part of what would later become 15 different states. It doubled the size of the United States and made it a major world nation. The Louisiana Purchase stretched from the Mississippi River in the east to the Rocky Mountains in the west.
Why is France sold the Louisiana Purchase to the US?
The Louisiana purchase doubled the size of America. It was the largest land purchase in American history. It took place in 1803. There are several reasons why France offered to sell this land to America. First, Napoleon was at war in Europe. So, he needed money.