In 1867, the Secretary of State William H. Seward purchased Alaska from Russia for the sum of $7,200,000, or about two cents per acre (365 acres total). At the time, the deal was dubbed Seward's Folly, but from our vantage pint today, did Seward get a bargain after all? What would it cost today if the land were in exactly the same condition as it was over 145 years ago and the prevailing interest rate over the this time were 4%