Today in History - 1867

On this day, the American flag flew for the first time in Alaska, marking the formal transfer of this massive northern territory from Russia to the United States.

Separated from the far eastern edge of the Russian empire by only the narrow Bering Strait, the Russians had been the first Europeans to significantly explore and develop Alaska. During the early 19th century, the state-sponsored Russian-American Company established the settlement of Sitka and began a lucrative fur trade with the Native Americans. However, Russian settlement in Alaska remained small, never exceeding more than a few hundred people. By the 1860s, the Russian-American Company had become unprofitable. Faced with having to heavily subsidize the company if an active Russian presence in the territory was to be maintained, the tsar and his ministers chose instead to sell to the Americans.