B. Sewards folly
Explanation:
- Secretary of State William Seward began negotiations with the Russian ambassador to the United States, Eduard de Stoeckl, in March 1867.
- The handover was soon confirmed for a relatively modest $ 7.2 million (worth just over $ 100 million today).
- This must have seemed like a good outcome, because Russia generally failed to develop Alaska, but still made a lot of sales. However, the United States would reach a far better deal if we looked at the matter from a long-term perspective.
- Because Alaska was so isolated and sparsely populated, shopping was met with indignation among certain circles in America, and some newspapers called it "Seward's Folly."
- However, the majority praised the agreement, understanding that it would help diminish British power in the region and American strategic interests in the Pacific.
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