On The Louisiana Purchase of 1803 : 45 Acres of Land for 1 Ounce of Silver ?Submitted by Cyril on Wed, 11/21/2012 - 05:12
On acre / silver ratios :
From Wikipedia :
"The Louisiana Purchase (French: "Vente de la Louisiane" - "Sale of Louisiana") was the acquisition by the United States of America in 1803 of 828,000 square miles (2,140,000 km2) of France's claim to the territory of Louisiana. The U.S. paid 50 million francs ($11,250,000) plus cancellation of debts worth 18 million francs ($3,750,000), for a total sum of 15 million dollars (less than 3 cents per acre) for the Louisiana territory ($233 million in 2011 dollars, less than 42 cents per acre).
[...]France controlled this vast area from 1699 until 1762, the year it gave the territory to its ally Spain. Under Napoleon Bonaparte, France took back the territory in 1800 in the hope of building an empire in North America. A slave revolt in Haiti and an impending war with Britain, however, led France to abandon these plans and sell the entire territory to the United States, who had originally intended only to seek the purchase of New Orleans and its adjacent lands[...]"