SEWARD FOLLY Meaning and
Definition
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Seward Folly, also known as the Alaska Purchase or Seward's Icebox, refers to a historical event and decision made by the United States government. In 1867, the then Secretary of State, William H. Seward, negotiated the purchase of Alaska from the Russian Empire for $7.2 million dollars, equivalent to about two cents per acre.
Initially, the acquisition of Alaska was widely criticized by the American public and press, which labeled it as "Seward Folly". Critics believed the purchase was a foolish and extravagant act, criticizing Seward for spending a significant sum on a remote and seemingly barren territory.
However, over time, the opinion on the Alaska Purchase changed dramatically. The discovery of valuable natural resources, including gold, timber, and oil, contributed to the reevaluation of the purchase. Additionally, the strategic importance of Alaska became evident during the Cold War, as it served as a crucial outpost for military defense.
Today, the term "Seward Folly" is often used in a historical context to describe instances where initial skepticism or condemnation of a decision is later proved to be unfounded. It serves as a reminder that first impressions or popular opinions may not always reflect the long-term consequences or benefits of an action. The Alaska Purchase, once labeled a folly, is now seen as a visionary move that significantly expanded the United States' influence and access to valuable resources.
Common Misspellings for SEWARD FOLLY
- aeward folly
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Etymology of SEWARD FOLLY
The term "Seward's Folly" refers to the purchase of Alaska by the United States from Russia in 1867. However, it is important to note that "Seward's Folly" is a derogatory label that was later attached to the purchase, and was not the official name of the event.The etymology of the term can be traced back to William H. Seward, who was the United States Secretary of State at the time of the purchase. Seward was a strong advocate for the expansion of the United States and believed in the potential of Alaska's resources. However, many people at that time considered the purchase wasteful and unnecessary, as they saw Alaska as a barren and worthless territory.Critics of the purchase coined the term "Seward's Folly" to mock Seward's decision, suggesting that he had made a foolish and extravagant acquisition. The phrase highlights the initial skepticism and ridicule surrounding the purchase.
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