On March 30, 1867, the United States purchased Alaska from the Russian Empire for $7.2 million, or approximately two cents per acre. The area went through several administrative changes before becoming recognized as a territory on May 11, 1912. It was admitted to the union as the 49th state on January 3,1959.
It is the largest U.S. state by area and the 3rd least populous state in the U.S. It is the northernmost and westernmost state and has the most easterly longitude in the U.S. because the Aleutian Islands extend into the Eastern Hemisphere. With its myriad islands, Alaska has nearly 34,000 miles of tidal shoreline.
Business Climate
Alaska’s economy is dominated by the fishing, natural gas, and oil industries, resources which it has in abundance. United Sates armed forces bases and tourism are also a significant part of the economy.
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