USA HISTORY

Detailed explanation-1: -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: -Fort Orange (Dutch: Fort Oranje) was the first permanent Dutch settlement in New Netherland; the present-day city of Albany, New York developed at this site.

Detailed explanation-3: -Fur was very popular in Holland at the time, but could only be acquired from Russia at a high price, and thus in 1610, a fur trade was created between the Dutch and Native Americans. This burgeoning fur trade provided the economic impetus for the establishment of the colony of New Amsterdam.

Detailed explanation-4: -In 1797, Albany became the official capital of New York State. Since then, Albany has been a center for banking, railroads, and international trade. Four New York state governors went on to become President of the United States. The telegraph, electric motor, and celluloid plastic were all pioneered here.

Detailed explanation-5: -In 1621, the Dutch formed the Dutch-West Indies Company. The first Dutch sent by the company settled the upper Hudson River, founding a fur trading post called “Fort-Orange", near the present day Albany.