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The deed itself has not survived, so the specific details are unknown. A textual reference to the deed became the foundation for the legend that Minuit had purchased Manhattan from the Native Americans for twenty-four dollars' worth of trinkets and beads, the guilder rate at the time being about two and a half to a Spanish dollar.
Manhattan was first mapped during a 1609 voyage of Henry Hudson, an Englishman who worked for the Dutch East India Company. [15] Hudson came across Manhattan Island and the native people living there, and continued up the river that would later bear his name, the Hudson River, until he arrived at the site of present-day Albany. [16]
The Native American economy relied heavily on goods received from the fur trade and when it slowed they had to turn to other sources to continue receiving goods that they needed. The Native Americans began to sell off their land to settlers in oftentimes forced situations. These tense deals lead to future armed conflicts.
Manhattan later became the site of the Dutch city of New Amsterdam, and the borough of Manhattan of modern-day New York City. 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", [4] an amount worth ~$1,143 U.S. dollars as of 2020. [5]
[4] New York was the site of nearly all remaining Native American possessory land claims when the United States Court of Appeals for the Second Circuit held in Cayuga Nation of N.Y. v. Pataki (2005) that the equitable doctrine of laches (duty of "timeliness") bars all tribal land claims sounding in ejectment or trespass, for both tribal ...
Native Americans of this land were not just surviving; they were thriving through a deep understanding and respect for their environment. Native Americans of this land were not just surviving ...
Native Americans made use of the trade goods received, particularly knives, axes, and guns. The fur trade provided a stable source of income for many Native Americans until the mid-19th century when changing fashion trends in Europe and a decline in the beaver population in North America brought about a collapse in demand for fur. [16]
Manhattoe, also Manhattan, was a name erroneously given to a Native American people of the lower Hudson River, the Weckquaesgeek, [a] a Wappinger band which occupied the southwestern part of today's Westchester County. [12] [b] In the early days of Dutch settlement they utilized the upper three-quarters of Manhattan Island [14] [15] as a ...