207 years ago today, Spain sold Florida to the United States as part of the Adams-Onis Treaty. It settled a standing border dispute between the two countries and was considered a triumph of American diplomacy. The cost was equivalent to $537.8 million in today’s dollars priced in gold, but was just 5 million Spanish dollars at the time. Spain had long rejected repeated American efforts to purchase Florida. But by 1818, Spain was facing a troubling colonial situation in which the cession of Florida made sense. READ how it happened… (1819)
