when did the united states purchase the louisiana territory
Louisiana Purchase The Louisiana Purchase (French: Vente de la Louisiane "Sale of Louisiana") was the acquisition of the Louisiana territory (828,000 square miles or 2.14 million km²) by the United States from France in 1803. The U.S. paid fifty million francs ($11,250,000 USD) and a cancellation of debts worth eighteen million francs ($3,750,000 USD) for a total of sixty-eight million francs ($15,000,000 USD, or around $250m in 2016 dollars). The Louisiana territory included land from fifteen present U.S. states and two Canadian provinces. The territory contained land that forms Arkansas, Missouri, Iowa, Oklahoma, Kansas, and Nebraska; the portion of Minnesota west of the Mississippi River; a large portion of North Dakota; a large portion of South Dakota; the northeastern section of New Mexico; the northern portion of Texas; the area of Montana, Wyoming, and Colorado east of the Continental Divide; Louisiana west of the Mississippi River (plus New Orleans); and small portions of land within the present Canadian provinces of Alberta and Saskatchewan. Its non-native population was around 60,000 inhabitants, of whom half were African slaves.[1]
History of the United States Armed conflict began in 1775 as Patriots drove the royal officials out of every colony and assembled in mass meetings and conventions. In 1776, the Second Continental Congress declared that there was a new, independent nation, the United States of America, not just a collection of disparate colonies. With large-scale military and financial support from France and the military leadership of General George Washington, the American Patriots won the Revolutionary War. The peace treaty of 1783 gave the new nation the land east of the Mississippi River (except Florida and Canada). The central government established by the Articles of Confederation proved ineffectual at providing stability, as it had no authority to collect taxes and had no executive officer. Congress called a convention to meet secretly in Philadelphia in 1787. It wrote a new Constitution, which was adopted in 1789. In 1791, a Bill of Rights was added to guarantee inalienable rights. With Washington as the first president and Alexander Hamilton his chief political and financial adviser, a strong central government was created. When Thomas Jefferson became president he purchased the Louisiana Territory from France, doubling the size of the United States. A second and final war with Britain was fought in 1812.
Louisiana Purchase The American government used $3 million in gold as a down payment, and issued bonds for the balance to pay France for the purchase. Earlier that year, Francis Baring and Company of London had become the U.S. government's official banking agent in London. Because of this favored position, the U.S. asked the Baring firm to handle the transaction. Francis Baring's son Alexander was in Paris at the time and helped in the negotiations.[50] Another Baring advantage was a close relationship with Hope and Company of Amsterdam. The two banking houses worked together to facilitate and underwrite the Purchase.
United States territorial acquisitions The Louisiana Purchase in 1803, was negotiated with Napoleon during the presidency of Thomas Jefferson; the territory was acquired from France for $15 million (equivalent to $245Â million in present-day terms). A small portion of this land was ceded to Britain in 1818 in exchange for the Red River Basin. More of this land was ceded to Spain in 1819 with the Florida Purchase, but was later reacquired through Texas annexation and Mexican Cession.[2]