A Level History - America - Practice Exam

What term is associated with the purchase of Alaska from Russia?

1. Folly of Seward

2. Circle of Gold

3. The Great Deal

4. Alaskan Agreement

The correct answer is: Folly of Seward

The term "Folly of Seward" refers to the purchase of Alaska from Russia in 1867, orchestrated by Secretary of State William H. Seward. At the time, this acquisition was widely criticized and ridiculed by many who viewed Alaska as a barren wasteland with little value. The term "folly" reflects the skepticism surrounding the decision to spend $7.2 million on a territory that many believed would not yield any substantial economic return. In retrospect, the purchase proved to be highly beneficial for the United States due to Alaska's vast natural resources, including gold, oil, and minerals. The initial public perception as a foolish investment eventually transformed, recognizing Alaska as a valuable and strategically important asset for the country. The other options do not have the same historical recognition or specificity associated with this event. The term "Circle of Gold" does not connect to the purchase at all, while "The Great Deal" and "Alaskan Agreement" are not terms that are presently linked to the acquisition of Alaska. Overall, the "Folly of Seward" remains the most widely accepted term associated with this significant moment in American history.