An overview
The purchase of Louisiana by the united states from the french government is considered the most incredible real estate deal in the entire history of humankind. After much bargaining, the US finally approved to pay 15 million dollars to France for the Louisiana territory.
The purchase happened in 1803, under the presidency of Thomas Jefferson. Louisiana was spread across 828000 square miles stretching from the rocky mountains to the Mississippi river and from the border of Canada to the Gulf of Mexico.
Read also: what-was-the-result-of-the-louisiana-purchase?
International tensions faced by France
US president Thomas Jefferson appointed Livingston and James Monroe to attempt to purchase Florida and New Orleans from the french government. He granted $2 million to achieve the objective. France faced several international disputes, which was flavorful of the US attempt.
Louisiana hardly contributed to the french economy. The battle of Haiti resulted in a massive loss of money and resources. Napoleon reconsidered his plan to establish his colonial capital in Hispaniola. He could not save Louisiana from the constant attacks of the British naval powers. He finally decided to sell the territory of Louisiana to the US.
