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Which island purchased by USA from Denmark in 1917 and why US need to purchase it?

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Which island purchased by USA from Denmark in 1917 and why US need to purchase it?
Please share the details of transaction?

posted Jan 28, 2016 by Ritika

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1 Answer

+1 vote

Virgin Islands

Reason of Purchase
During the First World War, the USA, fearing that the islands might be seized by Germany as a submarine base, approached Denmark with a view to buying them.

Deal Detail
Transaction was finalised on 17 January 1917 for $25 million. The USA took possession of island on 31 March 1917.

answer Jan 28, 2016 by Salil Agrawal
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