USA HISTORY

SETTLING NORTH AMERICA 1497 1732

NEW FRANCE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Who funded the New Netherland colony?
A
the Dutch West India Company
B
the Dutch East India Company
C
the Dutch monarchy
D
the colonists raised the money themselves
Explanation: 

Detailed explanation-1: -With military and financial support from the States General (the Dutch national assembly), the company acquired ports on the west African coast to supply slaves for plantations in the West Indies and South America.

Detailed explanation-2: -Only in 1623 was funding arranged, after several bidders were put under pressure. The States General of the Netherlands and the VOC pledged one million guilders in the form of capital and subsidy.

Detailed explanation-3: -The “United East India Company", or “United East Indies Company” (also known by the abbreviation “VOC” in Dutch) was the brainchild of Johan van Oldenbarnevelt, the leading statesman of the Dutch Republic.

Detailed explanation-4: -The Dutch West India Company set up the patroon system to attract more settlers. A patroon was a person who brought 50 settlers to New Netherland. As a reward, a patroon received a large land grant. He also received hunting, fishing, and fur trading privileges.

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