USA HISTORY

SETTLING NORTH AMERICA 1497 1732

NEW NETHERLANDS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which company was funded to establish the city of New Amsterdam and the New Netherlands Colony?
A
Massachusetts Bay Company
B
West India Company
C
Virginia Company
D
Fundamental Companies of Connecticut
Explanation: 

Detailed explanation-1: -Fort New Amsterdam on Manhattan Island was the center of governance of New Netherland, where selected members of the governor’s council received orders from the Dutch West India Company.

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 Dutch East India Company (Vereenigde Oostindische Compagnie) was formed in 1602 in order to unite various small trade companies which had created commercial links with the India and East Asia during the late sixteenth century.

Detailed explanation-4: -Dutch East India Company, byname of United East India Company, Dutch Vereenigde Oost-Indische Compagnie, trading company founded in the Dutch Republic (present-day Netherlands) in 1602 to protect that state’s trade in the Indian Ocean and to assist in the Dutch war of independence from Spain.

Detailed explanation-5: -Created by William Usselinx, The Dutch West India Company encouraged people to seek land that they considered widely available for Dutch citizens to purchase from the indigenous people. New Netherland had been conceived as a private business venture to exploit the North American fur trade.

There is 1 question to complete.