What was "Seward's Folly"?

"Seward's Folly" refers to the purchase of Alaska from Russia, which occurred in 1867. Secretary of State William H. Seward was the key figure behind this acquisition, believing it would expand American territory and resources. At the time, many viewed the $7.2 million purchase as a folly or foolish decision because Alaska was perceived as a barren wasteland with little value. However, over time, it became clear that the land was rich in natural resources, including gold, oil, and other valuable materials, thereby validating Seward's vision and transforming public perception of the acquisition.

This event is significant in the context of U.S. imperialism as it exemplified a shift towards expansion beyond the continental United States. It laid the groundwork for future territorial gains and the United States' emergence as a global power. Through "Seward's Folly," the United States illustrated its willingness to engage in overseas acquisitions, a theme that would continue throughout the late 19th and early 20th centuries.