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The capital of Seward's Folly was and is Juneau. Seward's Folly was the name for the purchase made of Alaska for $7 million.
Korean war
Seward's folly dealt with the secretary of state who convinced Congress to purchase Alaska. Being an icy wasteland, Seward was ridiculed for seeming to have made a big mistake, but it turns out that Alaska was actually rich in resources that the US had needed.
Andrew Johnson. A simple search of "alaska purchase" gave me the date of 1867. Another search of "1867 president" gave me Andrew Johnson. Should try to problem solve yourself, in the end it will pay off more so than depending on others. ^ Strictly speaking, it was James Seward who purchased Alaska from Russia in 1867. Johnson opposed this decision and in fact it came to be known as "Seward's folly" or "Seward's icebox". smartass.
Because most Americans considered it to have been a waste of money.