"Biggest property deal ever: Louisiana Purchase" by simi in Dukascopy Forex Community
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Biggest property deal ever: Louisiana Purchase

Today in 1803, the French flag that had flown just briefly over La Nouvelle-Orleans was replaced with the Stars and Stripes, and the Louisiana territory belonged to the United States. After belonging to Spanish for 40 years Louisiana was taken over by the French again under the secret treaty signed by Napoleon Bonaparte. In order to negotiate the purchase of New Orleans, James Monroe and Robert Livingston had flew to Paris. For a mere $15 million, the US had acquired 2,144,000 square kilometres of land and had doubled in size. The US had extended to 15 states and the deal is still remembered as the biggest property purchase ever.

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