Louisiana Purchase

What happened with the economy

What is the Louisiana Purchase?

Louisiana Purchase was the purchase of the middle of the present United States. Recently owned by Spain, but was given to the French at the time. This purchase was over 828,000 square miles, and was made in the early 1800's. The land was less than 3 cents per acre, which made out to be a payment of over $15 million USD, but with interest it made out to be over $23 million USD. Jefferson had made a proposal to the French for this purchase of over 828,000 square miles. This purchase had doubled the size of the United States at the time.

How did the purchase of the land affect the economy?

This purchase was huge and the citizens had to help pay $3.75 million USD of it. The purchase had made more farmland, which increased the amount of food to sell.