USA HISTORY

Detailed explanation-1: -In the United States, a patroon (English: /pəˈtruːn/; from Dutch patroon [paːˈtroːn]) was a landholder with manorial rights to large tracts of land in the 17th century Dutch colony of New Netherland on the east coast of North America.

Detailed explanation-2: -They created the Patroon system in 1629, which granted large tracts of land to investors who could successfully settle fifty colonists within four years at the investors’ expense. The patroon system eventually led to the successful settlement of New Netherland Colony.

Detailed explanation-3: -Stephen van Rensselaer III, the Last Patroon (1764-1839) With assets at his death worth approximately $10, 000, 000, or 1/65 of the nation’s Gross Domestic Product, Fortune magazine listed Stephen III as the tenth richest American of all-time.

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.

Detailed explanation-5: -The patroon was required to give a five percent duty on exports to the West India Company. Some tenants were actually “bonded” to their patroons and could not move to a different estate or town. This effectively gave the patroon “feudal” rights over the colonists.