The United States paid 50 million francs (equal to $11,250,000 at the time) plus cancellation of debts worth 18 million francs (equal to $3,750,000 at the time). The total exchange was worth 15 million dollars, even though that isn't the amount that was exchanged. That seems like a lot, but since it was for 530,000,000 acres of land, it was actually amazingly cheap... about 4 cents an acre.
Chat with our AI personalities
They were at war and wars are expensive so selling the land provided money for war.
it gained money
They borrowed money form France and Spain.
The French. They were on the verge of war with Britain, so they needed money.
money, supplies, and troops to helped the patriots.