Who was the President that purchased the Louisiana territory?
The Louisiana Purchase was the acquisition of the Louisiana territory (828,000 square miles) by the United States from France in 1803. The U.S. paid fifty million francs ($11,250,000 USD) and a cancellation of debts worth eighteen million francs ($3,750,000 USD) for a total of sixty-eight million francs ($15,000,000 USD) which averages to approximately four cents per acre. Adjusting for inflation, the modern financial equivalent spent for the Purchase of the Louisiana territory is approximately ($236 million in 2014 U.S. dollars which averages to less than forty-two cents per acre). The Louisiana Purchase occurred during the term of United States President Thomas Jefferson.