One fun and interesting fact about the Louisiana Purchase is that the land in question sold for less than 3 cents per acre; another fun fact is that the U.S. didn't have sufficient funds to pay for it, so it had to borrow the money from two European banks. Since the money was loaned at a rate of 6 percent, and it took the U.S. 20 years to repay it, the total cost for the Louisiana Purchase was more than $23 million; the terms of the sale gave the French $11.25 million in cash and forgave $3.75 million in debt.Know More
Another fun fact about the Louisiana Purchase is that futurepresident and former governor of Virginia James Monroe, who was appointed as a special envoy to negotiate the sale with the French, had to sell off his porcelain plates, silver flatware and china tea set to afford the passage to France for the negotiations.
Not everyone was happy with the deal. On the French side, Napoleon's brothers were unhappy and tried to talk him out of the sale. When they went to talk to him, Napoleon famously fell backwards into a bathtub, purposely soaking his brothers. Many Americans also opposed the purchase of the land, including congressman Fisher Ames who said, "We are to give money of which we have too little for land of which we already have too much."Learn more about US History
The major benefits of the Louisiana purchase were the vast expansion of the territory of the United States and the acquisition of an abundance of natural resources for a modest price. It removed France as a colonizing presence in the area and gave the United States the important port of New Orleans and the trading channel of the Mississippi River.Full Answer >
One interesting fact about Germantown, Wisconsin is that it was formed when several small hamlets merged into a single incorporated village as a defense against the annexation of land by Milwaukee County. Another is that the very first white baby was born in the area in 1843.Full Answer >
According to History.com, when the U.S. stock market crashed in October 1929, many American banks began closing because consumers pulled all of their money out of the banks, including investments and cash accounts, and began to default on loans. Because the banks had to liquidate loans and sell assets to pay consumers withdrawing their funds, the banks began to fail due to lack of funds.Full Answer >
Territorial acquisition is the acquiring of territory or land along with all it contains through various means, including war, treaties and purchase. After the American Revolution, the 13 American colonies sought territorial acquisitions in an effort to expand boundaries.Full Answer >