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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