By 1803 [[Napoleon]] had suffered a costly failure in connection with a successful slave revolt in [[Haiti]], and he had decided that France should not try to colonize the New World any further. So France asked Monroe how much he would pay for ''all of'' France's territory on the North American continent, which included the vast tract of land northwest of Louisiana (stretching all the way along the Missouri River, to what is now Oregon on the Pacific coast). Monroe was able to negotiate extremely favorable terms of $11.25 million to France for ''all of'' the property (which translates to only a few pennies per acre), and not merely West Florida and New Orleans. This enormous tract of land was as large as the entire United States at the time. The overall purchase price was $15 million because Monroe also agreed that the United States would assume nearly $4 million in debts owed by France to American citizens at the time. | By 1803 [[Napoleon]] had suffered a costly failure in connection with a successful slave revolt in [[Haiti]], and he had decided that France should not try to colonize the New World any further. So France asked Monroe how much he would pay for ''all of'' France's territory on the North American continent, which included the vast tract of land northwest of Louisiana (stretching all the way along the Missouri River, to what is now Oregon on the Pacific coast). Monroe was able to negotiate extremely favorable terms of $11.25 million to France for ''all of'' the property (which translates to only a few pennies per acre), and not merely West Florida and New Orleans. This enormous tract of land was as large as the entire United States at the time. The overall purchase price was $15 million because Monroe also agreed that the United States would assume nearly $4 million in debts owed by France to American citizens at the time. |