With the $10,000,000 paid to Panama and the $40,000,000 to the Compagnie Nouvelle, the United States had spent more for the rights, privileges, and properties that went with the Canal Zone—an area roughly a third the size of Long Island—than for any actual territorial acquisition in its history, more than for the Louisiana Territory ($15,000,000), Alaska ($7,200,000), and the Philippines ($20,000,000) combined.
