Secretary of State William Seward oversaw the purchase and though he felt he received a great bargain for the land (2 cents per acre), the American public disagreed. Not much was known about Alaska at the time except that it was cold and ice covered. A few nicknames given to the purchase were Seward's Icebox or Seward's Folly. Not many people were excited about their tax dollars paying for this unknown land. Luckily, public opinion would quickly change as gold was discovered in Alaska shortly after and oil was struck the following century. With all the benefits of having Alaska as part of America, it is hard to imagine what the world may look like today if we had never made this purchase. I for one am glad Alaska became America's "Last Frontier!"