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1626: Purchase of the Island of Mannahatta

A common account states that Minuit purchased Manhattan for $24 worth of trinkets. A letter written by Dutch merchant Peter Schaghen to directors of the Dutch East India Company stated that Manhattan was purchased for “60 guilders worth of trade,” an amount worth approximately $1,143 in 2020 dollars.

Artist Credit: Alfred Fredericks. Reprinted with permission. Wikimedia Commons


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