Impressive return on investment
The United States purchased Alaska from Russia on March 30, 1867 for $7.2 million. Adjusted for inflation, it would be $120 million.
586,412 square miles (or 375,303,680 acres) of land was bought for two cents per acre.
According to #WashingtonPost, Alaska would be worth $2.5 trillion today.
That’s $6,661 per acre - a whopping appreciation of over 33 million%.
Now, wouldn’t it be nice to that get that kind of return on our investments?
586,412 square miles (or 375,303,680 acres) of land was bought for two cents per acre.
According to #WashingtonPost, Alaska would be worth $2.5 trillion today.
That’s $6,661 per acre - a whopping appreciation of over 33 million%.
Now, wouldn’t it be nice to that get that kind of return on our investments?
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