This Day in the Yesteryear: The Louisiana Purchase (1803)

This Day in the Yesteryear

The Louisiana Purchase (1803)

Early American settlers in the western territories depended on the Mississippi River‘s port of New Orleans for commerce. When Spain retroceded New Orleans to France in 1800, Americans feared their access to the river would be blocked, so President Thomas Jefferson sent negotiators to broker a deal for the port city. Why did Napoleon ultimately sell the entire Louisiana territory, including New Orleans, to the US for only about 4 cents per acre, or a sum total of $15 million? More… Discuss

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