Ever since the appropriation of Alaska, the territory has been exhausted for it’s natural resources. Currently, providing the US economy with a wealth of oil, natural gas, gold, fishing and hunting, just to name a few assets. Interestingly enough, it’s purchase during Andrew Johnson’s presidency in 1867, was ridiculed in both Congress and the media as a waste of money. Secretary William Seward spearheaded the $7 million acquisition (roughly 2 cents per square mile) and bore the brunt of the press’ ire over the buy. The Alaskan territory was quickly dubbed “Seward’s Icebox” as an affront to a seemingly worthless purchase.