Thomas Jefferson was the 3rd US President. He served as
president from 1801-1809. It was a time of exploration and
trade. Fulton's Steamboat made its first trip on the Hudson
River. Louis
and Clark left on a voyage of exploration from St Louis
toward the Pacific Ocean.
At this time in history, France owned the port of New
Orleans. Napoleon decided to block the US from using the French
port. He knew the United States needed access to a big port for
shipping and trade. And Napoleon needed money. England and France
were at war. Napoleon needed a big chunk of money fast to fight
the war.
As Napoleon expected, President Jefferson sent a
representative to France to attempt to buy a piece of New Orleans.
Instead, the United States government was able to buy much more
land than they had expected, and for very little money per acre.
In 1803, the United States bought 500,000,000 acres of land at
approximately 3 cents an acre! That piece of land was known as the
Louisiana Purchase. The land purchased included the entire
city of New Orleans.
With this one purchase, Napoleon gained the money he
needed to fight a war with England, and the United States gained
enough land to double in size. Even today, the Louisiana
Purchase (in 1803) still ranks as one of the best real estate
deals in history.
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