USA HISTORY

Detailed explanation-1: -Fort Orange. Fort Orange is the name given to the fur trading post erected in 1624 on the west bank of the Hudson just south of the future site of Albany. The Dutch West India Company built similar structures to serve as their headquarters in many parts of their worldwide trading empire.

Detailed explanation-2: -The Founding of New York (New Amsterdam) In 1624, a colony called New Netherland was established by the Dutch West India Company. At the southern tip of this settlement, the Dutch governor purchased Manhattan in 1926 from the Manhattan tribe and called the area New Amsterdam.

Detailed explanation-3: -To legitimatize Dutch claims to New Amsterdam, Dutch governor Peter Minuit formally purchased Manhattan from the local tribe from which it derives it name in 1626. According to legend, the Manhattans–Indians of Algonquian linguistic stock–agreed to give up the island in exchange for trinkets valued at only $24.

Detailed explanation-4: -In 1621, the States General of the Dutch Republic granted a monopoly on fur trade to the newly formed West India Company within the Dutch claim along the Hudson River.