USA HISTORY

Detailed explanation-1: -The first expedition, including both Swedes and Dutchmen, was commanded by Peter Minuit, who purchased land from the Indians and named the settlement Fort Christina (later Wilmington, Del.)

Detailed explanation-2: -Teaming up with Samuel Blommaert, a WIC director and patroon, he successfully convinced the Swedish government to establish a colony in the Delaware region. Given command of two ships, Minuit reached the Delaware Bay in March 1638 and began construction of Fort Christina at the site of modern-day Wilmington.

Detailed explanation-3: -Peter Minuit was hired by the Dutch in 1625 to set up a trading post in the New World in order to gain access to the fur trade. Minuit bought the island of Manhattan from the Lenape Indians in 1626.

Detailed explanation-4: -On May 24th 1626, Peter Minuit (also spelled ‘Minuet’) purchased the island of Manhattan for the equivalent of $24 worth of beads and trinkets. Even adjusted for inflation, this is probably the real Greatest Trade Ever, with apologies to John Paulson.