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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.

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10y ago

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