Economy of Alaska 2020: (US States Episode 2)

This is Alaska. Known as the last frontier, it’s name is derived from the native Aleut word Aleyska, meaning great land.

Welcome to Episode 2 on the economies of US States. This time on Alaska!

The economics of Alaska are steeped in controversy from the beginning. You see, Alaska itself could be considered one of the greatest deals of all time. Colonised by Russian settlers in the late 1700s, it was only ever sparsely populated by the Russian Empire. Worried about annexation by the British, Russia decided to sell Alaska to the United States in 1867. The deal was brokered by then US Secretary of State William Seward for $7.2 million or $0.02 cents per acre, a ridiculously low price for the largest US state. Even in today’s money, the Smithsonian calculated this to be $113 million in 2017.

#alaska #alaskaneconomy #USeconomy

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Видео Economy of Alaska 2020: (US States Episode 2) канала Economics AltSimplified