Seward's Day is observed on the last Monday in March, specifically on March 30 this year, as a legal holiday in Alaska. The day commemorates the signing of the Alaska Purchase treaty, negotiated by U.S. Secretary of State William H. Seward with Russian Minister Eduard de Stoeckl. This purchase marked the transfer of Alaska from Russia to the United States, a transaction that cost $7.2 million, or approximately two cents per acre. While initially met with skepticism, referred to as "Seward's Folly," the purchase eventually proved valuable, especially following the Klondike Gold Rush. The day is not to be confused with National Alaska Day, which celebrates the formal transfer of control of Alaska. Typical customs for Seward's Day may include educational events and celebrations reflecting on Alaska's history and significance.