seward folly

Seward's Folly

noun U.S. History.
the purchase of Alaska in 1867, through the negotiations of Secretary of State W. H. Seward.
Compare Alaska Purchase.

so called because Alaska was regarded as worthless land Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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seward's folly

the transaction in 1867 in which the United States Secretary of State William Henry Seward purchased Alaska from Russia 
WordNet® 3.0, © 2006 by Princeton University.
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