Key Individuals of the Louisiana Purchase

The video discusses the competition among European countries for land in North America and the United States' interest in expanding westward. It highlights the Louisiana Territory's significance and President Thomas Jefferson's efforts to secure New Orleans. Jefferson sent Robert Livingston and James Monroe to negotiate with France. Napoleon Bonaparte, needing funds for a potential war with England, offered the entire Louisiana Territory for $15 million. Despite initial hesitations, the US agreed, doubling its size. The purchase was financed through a loan from Great Britain, marking a significant achievement in Jefferson's presidency.

Which European country owned the Louisiana Territory in 1801?

• Portugal

• Great Britain

• France

• Spain

Why was the Mississippi River important to the United States in the early 1800s?

• It was rich in fish and wildlife.

• It was a natural barrier against invasions.

• It provided a route for trading goods.

• It was a source of fresh water.

What was President Jefferson's initial budget for purchasing New Orleans and parts of the Floridas?

• $15 million

• $10 million

• $5 million

• $20 million

What was the total cost of the Louisiana Purchase?

• $12 million

• $10 million

• $15 million

• $20 million

How did the United States finance the Louisiana Purchase?

• By raising taxes

• By using its gold reserves

• By borrowing from France

• By borrowing from Great Britain