After having fought the Crimean War, Russia felt that its possessions in North America were vulnerable from attack by Britain from British North America (Canada) in the event of the outbreak of future hostilities. Tsar Alexander II resolved that it was better to get something in exchange for what is now Alaska than to lose it and be left empty handed.
And so what is called in the United States the took place in 1867, turning sovereignty over Russian North America to the United States, in exchange for $7.2 million ($116 million in today's money).
Could a similar strategy offer a way out of the current crisis?
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