01-12-2017
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Who purchased Manhattan for $24.00 worth trinkets and beads

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01-12-2017

In 1626 Peter Minuit bought Manhattan island from the local Indians for a load of cloth, beads, hatchets, and other odds and ends then worth 60 Dutch guilders. According to my Encyclopedia Britannica, 60 guilders in 1626 would buy you 1-1/2 pounds of silver.

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