Excerpted from the website:
- Once known as Seward's Folly, Alaska's entrance to the United States is marked by periods of exploration, heavy resource extraction and military expansion. Anchorage itself was incorporated in 1920, five years after six hundred lots of land were auctioned off for $150,000. After the construction of the Alaska Railroad and the establishment of infrastructure such as a power grid, water lines and a sewer system, people began to gradually gravitate towards Anchorage. It wasn't until the 1950s, with money flowing rapidly from Washington DC to Anchorage as part of the Cold War defense strategy, that Anchorage began to boom, and at the end of the decade, in 1959, Alaska was finally admitted into the Union as a state.