• This refers to a historic land deal signed between the U.S. and France in 1803, wherein France agreed to sell its large North American territory of Louisiana to the U.S. government.
• After the successful execution of the deal, the land territory under the sovereign control of the U.S. government doubled in size.
• The deal was struck between U.S. President Thomas Jefferson and Emperor Napoleon in France.
• The Louisiana Purchase is considered to be a distress sale by Napoleon who urgently needed money to fund his war efforts in Europe.

Source:TH