Today in History: Sale of Manhattan in 1626

Today in History: Sale of #Manhattan in 1626

392 years ago today, Peter Minuit, a Dutch colonist, acquired Manhattan from unnamed Native American people in exchange for trade goods worth 60 Dutch guilders (approx.. $1100 today, accounting for inflation). With the purchase, the settlers wanted to lay the foundation for a central Dutch presence in North America, calling it New (Nieuw) Amsterdam, what is now lower Manhattan.

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