1)*New Orleans was the port city that was located at the Southern Tip of the <span>Louisiana Territory and controlled the Mississippi River 2)</span>With a purchase price of just $15 million (or about $233 million in 2011 dollars), the U.S. added some 13 states worth of territories at less than three cents per acre (or less than 42 cents per acre in today's dollars). Interestingly, the Louisiana Purchase almost didn't happen for a couple reasons. 3)
<span>The Louisiana Purchase is important because it gave the U.S. control of the Mississippi River and the port city of New Orleans, both of which were used by farmers to ship their crops and get paid. 4)</span><span>The </span>Louisiana Purchase<span> was a defining moment for Thomas Jefferson and the United States. There was a real chance that the Louisiana Territory would result in a war with France, which was a war that the United States were not ready to fight. It was almost the kiss of death to the Democratic-Republican party which was emerging as the political force in the United States. However, the Federalists were making strong arguments against what Jefferson and his Republicans were doing and with war looming it looked as if the Democratic-Republican party may rupture. However, it became one of the great triumphs in American history. It more than doubled the size of the country and there was not a shot fired. It raised the popularity of Jefferson and would begin the Virginia dynasty. 5)</span><span>The </span>purchase not<span> only provided an outlet for the farm products of the west, enabling the </span>agricultural goods<span> to be shipped to other areas of the ... Raw materials were </span>found<span> in abundance, as well as future settlements that would grow .... territory and it allowed for Americans to discover new space and </span>resources<span> in the west. 6)</span>FULL ANSWER<span>The Louisiana purchase encompassed about 828 million square miles of territory from the Mississippi River to the Rocky Mountains. Although much of it was unexplored, it enabled the rapidly growing population of the United States to expand westward. Shortly after the agreement for the Louisiana purchase was signed, Meriwether Lewis and William Clark set out to explore the new territory. Their discoveries of new flora, fauna, landscapes and natural resources enabled the U.S. government to grasp the value of what they had acquired. The Louisiana purchase also led to the eventual acquisition of the Oregon Territory, which allowed the United States to expand to the Pacific Ocean.Although the acquisition of the Louisiana territory at the price of 3 cents an acre is considered one of the high points of Thomas Jefferson's presidency, at the time it was extremely controversial. Many politicians considered it illegal, because the U.S, Constitution made no provision for the acquisition of territory. Arguments erupted about the citizenship of the people already living in the area. However, Jefferson went ahead because he felt that the benefits outweighed any possible disadvantages.</span>
There is an increase in consumption and more money flowing into the economy.
Explanation:
An increase of income without the increase of market value prices would lead to more money in the pockets of workers, in which many would spend them to gain material wealth. This would lead to a greater output and a higher GDP per capita in the country.