USA HISTORY

Detailed explanation-1: -Peter Minuit, Minuit also spelled Minnewit, (born c. 1580, Wesel, Kleve [Germany]-died June 1638, Caribbean Sea), Dutch colonial governor of New Amsterdam who is mainly remembered for his fabulous purchase of Manhattan Island (the nucleus of New York City) from the Indians for trade goods worth a mere 60 guilders.

Detailed explanation-2: -As director of New Netherland Minuit is credited with purchasing the island of Manhattan from the Native Americans in exchange for traded goods valued at 60 guilders.

Detailed explanation-3: -This letter from Peter Schaghen, written in 1626, makes the earliest known reference to the company’s purchase of Manhattan Island from the Lenape Indians for 60 guilders. Schaghen was the liaison between the Dutch government and the Dutch West India Company.

Detailed explanation-4: -On this day in history…Peter Minuit, Director-General of the Dutch New World colony of New Netherland, sought to claim a legitimate title to the land the colony desired to rule and entered into negotiations with the local Native Americans.

Detailed explanation-5: -In May of 1626, Dutch West India Company rep Peter Minuit met with local Lenape Native Americans to purchase the rights to the island of Manhattan for the value of 60 guilders.