In 1848, the USA offered Spain $100 million, equivalent to around $2.45 billion in present day terms, for the purchase of which area of land?
Presidency of James K. Polk Mallarino-Bidlack Treaty as justification for numerous military interventions in the 19th century. In mid-1848, President Polk authorized his ambassador to Spain, Romulus Mitchell Saunders, to negotiate the purchase of Cuba and offer Spain up to $100 million, an astounding sum at the time for one territory, equal to $ in present-day terms. Cuba was close to the United States and had slavery, so the idea appealed to Southerners but was unwelcome in the North. However, Spain was still making huge profits in Cuba (notably in sugar, molasses, rum, and tobacco), and thus the Spanish government rejected Saunders' overtures. Though Polk
Attempted purchase of T-Mobile USA by AT&T and harm innovation in the wireless market. As per the original acquisition agreement, Deutsche Telekom will receive $3 billion in cash as well as access to $1 billion worth of AT&T-held wireless spectrum. According to a February 2012 regulatory filing, AT&T CEO Randall Stephenson's compensation was cut by "more than $2 million" in response to the effect the failed purchase attempt had on AT&T's bottom line. His total compensation for 2011 was $22 million, an 18.5% drop from the $27 million he received the previous year. Attempted purchase of T-Mobile USA by AT&T On March 20, 2011, AT&T announced that