Chapter
The Louisiana Purchase and Understanding Historical Currency Conversion
25:00 - 31:18 (06:17)
A conversation about the Louisiana Purchase, the negotiations between the US and France, and the challenges with understanding historical currency conversion.
Clips
Barbe Marbois and Talleyrand suggested the French offer the entire territory for $22 million, twice Jefferson's offer for just New Orleans.
25:00 - 28:05 (03:04)
Louisiana Purchase
Summary
Barbe Marbois and Talleyrand suggested the French offer the entire territory for $22 million, twice Jefferson's offer for just New Orleans. Livingston was ordered to France to negotiate with Foreign Minister Talleyrand.
ChapterThe Louisiana Purchase and Understanding Historical Currency Conversion
EpisodeThe Louisiana Purchase: Not a Purchase
PodcastStuff You Should Know
The French made a terrible real estate deal when they sold the Louisiana Territory to the Americans for $15 million, which is equivalent to $342 million in 2020 dollars.
28:05 - 31:18 (03:12)
History
Summary
The French made a terrible real estate deal when they sold the Louisiana Territory to the Americans for $15 million, which is equivalent to $342 million in 2020 dollars. Despite pressure from the French, the Americans made out like bandits and expanded their land significantly.